Re:“We need a eurozone regulatory structure, and if Britain wants a role it must manage its eurozone entry” Remember I raised this issue of UK entry/adoption of Euro - and also suggested that it's their *holy cow* which Whitehall Mandarins will not sign-off without legal/political reservations. Recall the way they laughed at us when we're trying to get Maastricht Treaty including Single Market/Euro adopted a decade ago.Mr. Wall is raising fundamental EMU policy issues which I suugest will not be possible under Borosso , if he should be reappointed as head of EU-27 again. My hope is that Borosso will ultimately be rejected principally because he has been playing the neocon's game, since Blair (Labour) forced him on EU Commission (Bush helped!).My current understanding is that until Lisbon Treaty is finally adopted/ratified by all, there is little chance of restructuring what goes on inside the Commission/ECB on future regulatory regime and related policy issues on enforcing Single Market across EU-27. Recall not all members have adopted the policy framework of single market under EMU. Britain is happy to have free-and-free access to our single market for its current prosperity.Germany, for one, must now reconsider its Constitutional Court decision on Lisbon Treaty and its implications to supra-nationality powers of EU Commission under Lisbon Treaty. German court, in fact, reasserted the British dictum that national sovereignty is supreme under Lisbon Treaty . In other words, EU laws cannot and must not be allowed to supercede and/or supplant German Bundestag and its sovereign rights under the constititution. The Bundestag is now required by the Court to adopt appropriate language which re-confirms the sovereignty of national parliament over EU laws. This is now the responsibility of the sovereign Bundestag....(not Merkel!).Now, it is not unlikely that some EU-27 members may follow the legal advise of the German Constitutional Court and adopt similar laws by default by their own parliament(s) on EU supranationality . What will this mean in terms of current (WTO) globalization and EU-27 policy framework? I don't know.
Remember I raised this issue of UK entry/adoption of Euro - and also suggested that it's their *holy cow* which Whitehall Mandarins will not sign-off without legal/political reservations. Recall the way they laughed at us when we're trying to get Maastricht Treaty including Single Market/Euro adopted a decade ago.Mr. Wall is raising fundamental EMU policy issues which I suugest will not be possible under Borosso , if he should be reappointed as head of EU-27 again. My hope is that Borosso will ultimately be rejected principally because he has been playing the neocon's game, since Blair (Labour) forced him on EU Commission (Bush helped!).My current understanding is that until Lisbon Treaty is finally adopted/ratified by all, there is little chance of restructuring what goes on inside the Commission/ECB on future regulatory regime and related policy issues on enforcing Single Market across EU-27. Recall not all members have adopted the policy framework of single market under EMU. Britain is happy to have free-and-free access to our single market for its current prosperity.Germany, for one, must now reconsider its Constitutional Court decision on Lisbon Treaty and its implications to supra-nationality powers of EU Commission under Lisbon Treaty. German court, in fact, reasserted the British dictum that national sovereignty is supreme under Lisbon Treaty . In other words, EU laws cannot and must not be allowed to supercede and/or supplant German Bundestag and its sovereign rights under the constititution. The Bundestag is now required by the Court to adopt appropriate language which re-confirms the sovereignty of national parliament over EU laws. This is now the responsibility of the sovereign Bundestag....(not Merkel!).Now, it is not unlikely that some EU-27 members may follow the legal advise of the German Constitutional Court and adopt similar laws by default by their own parliament(s) on EU supranationality . What will this mean in terms of current (WTO) globalization and EU-27 policy framework? I don't know.
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