Modern times now seem more than favourable for the power transfer attempts and the promotion of an unprecendented dominion centralization in Europe. As it is written already in another discussion, the 'transfer of national severeignty' was considered necessary in the very beginning of the post-World War II European Union build-up phase, especially by the Germany and the Netherlands leading financial experts' schools.
However, since the 1960s, the recent developments of modern history have changed considerably and irrevocably the world leading powers' political and economics polarity model, with a significant transmission of economics, political and financial influence capacities out of Europe. Therefore, we are to analyse carefully not just the idea for the transfer of a substantial part of European nations' sovereignty towards the single governance of the European Union, as it used to be discussed 5 decades ago, but we are to also consider the present sovereignty transfers project from the perspectives of its implementation authorities, i.e. the European Central Bank (ECB) and the International Monetary Fund (IMF), with the honourable assitance of the political blessings of the European Commission (EC). There are, however, particular differences with the initial history proposals for the establishment of a European political union: the most obvious of which are the non-transparent and multi-sense formulation of the new transmission role of the ECB and the active supra-national involvement of the IMF.
The new EU Governance project parameters are to be analyzed against the up-to-date modernistic promotion of the EU Member States' national debt (i.e. BoP excessive disbalances) sovereignty bail-out transmission mechanism, which is to be officially implemented through the unlimited capacity of a lender of last resort of the single and central European monetary authority - the ECB. Therefore, we are to consider a multi-dimension issues in our analyses.
Assessments might focus on whether or not the relevant mandatory opportunities for this are already agreed upon and in action, or this is a brand new and important political step towards a new European Union strategics implementation. On the other side, we are also to ultimately analyze the persistent contractual terms and conditions, which establish and unify the EU Member States under the governance model of the European Union in its current form.
Last but not least, we are to assess the risks stemming from the now available and functioning capacities of the so-called 'European bureaucratic machine' to centralize and maintain European Member States' sovereignty valuables within its single and independent authority, and at the same time fully guarantee for their immunity (sanctity) against third-parties and third-countries interests.