Above is “The Rape of Europa” painted by Luca Giordano (1632–1705) between 1675 and 1677, one of the many masterpieces to be found in the Hermitage Museum in St. Petersburg – click on the image for a full size rendition.
According to Greek tradition, Europa (from which Europe takes it’s name) was a beautiful Phoenecian woman of high ranking who draws the attention of Zeus – the great Greek sky god. Zeus becomes so enamoured with Europa that he transforms himself into the most beautiful white bull that anyone has ever seen. Europa spots this beautiful bull and climbs on top of it and suddenly the bull plunges into the sea and rapes her. Zeus then takes Europa away to Crete where he finally reveals his true identity.
British Gazette readers will know that the EU has used this symbol as a portrayal of the union. It is most apt.
In yesterday’s article we focused on the inevitability of the Eurozone’s collapse. There will of course be those who will say that the British Gazette is wrong and that the Eurozone will not collapse but will recover from the “little local difficulty” in Greece.
Very well, let us examine this unlikely scenario and see just how the Eurozone could survive. What would have to be done. Well, the man pretending to be the Prime Minister of a sovereign United Kingdom, David Cameron, stated that the Eurozone “must makeup or breakup.” Of course, he is right but the use of the word “makeup” must be defined. To ensure the Eurozone survives, precisely what would “makeup” involve?
“Makeup” would involve nothing less that full economic government being a sole – and not shared – competence of the European Commission and that the European Central Bank would be the central bank for ALL Eurozone members. It would mean that there would no longer be German gilts, Greek gilts, Dutch gilts but Euro gilts or Euro bonds. It would mean that there would be no German sovereign debt, no Greek sovereign debt, no Dutch sovereign debt. Only the sovereign debt of the European Union. Henceforth the credit rating agencies such as Moodys would no longer accord a credit rating to such as Germany, Greece and the Netherlands. The European Union would possess the one credit rating for all Eurozone members.
Such a solution WOULD work – economically. The problem would be of course making it work politically. It would mean that Eurozone members would possess a somewhat similar relationship to the EU as the states of the USA possess with the federal authority. The governments and parliaments of the Eurozone members would not be able to pass a budget without the approval of the European Commission.
The most obvious political outcome of such an arrangement would be termed a “democratic deficit.” This of course could be rectified by reform of the European Commission and the Council of Europe. At present the Council of Europe – the body with the final say in the EU – is made up of the ministers of each EU member state. The Council of Europe appoints the European Commission. This means that these bodies are at present indirectly democratically accountable in the sense that the members of the Council of Europe are democratically elected politicians.
Were this indirect accountability to be replaced with direct accountability it would mean that the voters in each member state would directly elect one or more “European Councillors.” There are various ways in which this could be related to the different sizes of the members. An obvious one would be that larger countries such as Germany would elect more councillors than smaller countries such as Greece – probably with a weighting applied to enhance the voice of the smaller countries. There is however another way. Each member could elect the same number of councillors but each councillor would have a weighted vote that would be their country’s population divided by the number of councillors for that county. Thus say that each member state elected 10 councillors each German councillor would have 8,185,800 votes (81,185,000/10), each Greek councillor would have 1,078,769 votes (10,787,690/10) and each Dutch councillor would have 1,673,373 votes (16,733,727/10). Since there are 17 Eurozone members this would mean that there would be 170 such elected European councillors. These 170 councillors would appoint the European Commission.
At this point British Gazette readers will point out that there are 27 member states of the EU. There are two possibilities here:
One possibility would be that the directly elected council would be a separate body from the existing Council of Europe. The other would be that each non Eurozone member would henceforth elect ten members but these members would not possess voting rights so far as Eurozone business is concerned.
This of course would present a gigantic political obstacle for the Eurosceptic Tories as it would mean that the current influence that a British government has on EU decision making – via those ministers being members of the Council of Europe would henceforth be in the hands of ten directly elected European Councillors each of whom would have 6,226,200 votes (62,262,000/10).
Of course, this would mean that Cameron should have to put such a reform to the British People in a referendum due to the legislation he put through. However the treasonous little felon (urged on by his Lib-Dem lick-spittal Clegg) would probably try and argue that since no further transfer of sovereignty is involved there was no need!
Of course the British Gazette has concentrated on the political difficulties for Cameron. However Frau Doktor Merkel would have equally daunting problems trying to persuade the German electorate to hand over the economic government of their country to the European Commission.
As you can see Dear Reader, riding a bucking bronco is simple in comparison!
Of course, were such an unlikely set of events to occur the EU would very quickly acquire sole competence in the areas of Foreign Affairs and Defence and would finally become a fully functioning, United States of Europe.
This would inevitably mean France (and probably the UK) giving up their seats on the Security Council – and the General Assembly of the United Nations and the place taken over by the EU.