Verhofstadt: Merkel and Sarkozy threaten the continued existence of the Euro
“At a debate today in the European Parliament, Guy Verhofstadt urged the leaders of France and Germany to set aside short term national interests in favour of the survival of the EU: "There has been much media speculation in recent days that the end of the euro is close. This is less because of the inability of Greece, Italy or Spain to control their debt but the inability of Germany and France to agree on the necessary steps to save the Euro. "In the past France and Germany have represented the driving force of European integration. Today their differences threaten the EU's very survival." "Sarkozy refuses to accept fiscal union with its implications of a transfer of sovereignty to a collective and objective judge of sound budgetary policy such as the European Commission or European Court of Justice." "On the other hand, Chancellor Merkel calls one week for closer political union and the next she blocks proposals that go in this direction suc...