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10/28/11

Summit by summit, EU slouches slowly toward unity

The European Union's plan to solve the worst financial crisis in its 50-year history may prove the tipping point for the continent's political journey from a collection of sovereign states into what some leaders hope will be a single world superpower.

The struggle to keep the euro together has been creating huge tensions between countries, causing some to believe the currency union could not last much longer.

But in the early hours of Thursday morning, EU leaders reached an agreement that suggested they are so committed to their common currency that they would rather give up some of their sovereign decision-making powers than see their economic union unravel.

Note EU-Digest: bravo Europe - this is the way to go. Listening to the Eurosceptics and reading the stories about the "downfall" of Europe in their British mouthpieces such as the the Telegraph and the Daily Mail, one can only get a feeling of disgust at the delight they express in the potential of failure of the greatest European political experiment at unity ever attempted.

For more: Summit by summit, EU slouches slowly toward unity - seattlepi.com

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