EU politicians and apparatchiks are exploiting the Greek economic collapse to call for a centralized “economic government” that has the authority to tax citizens across Europe.
France’s socialist president, François Hollande, is calling for a separate economic government to lord over the monetary union, Der Spiegel reports.
European Central Bank President Mario Draghi said in 2012 he would “do whatever it takes” to save the euro.
The idea is not new. In 2011 the billionaire globalist George Soros said it is crucial the European Union have a centralized authority.
“There is no alternative but to give birth to the missing ingredient: a European treasury with the power to tax and therefore to borrow,” Soros said.
In Brussels and Berlin “financial experts are devising plans to provide the Euro Group with the same tool that has proven to be so successful throughout history: its own tax,” the German publication notes.
The move breaks a long standing taboo against EU-wide taxation.
Proponents argue that a new tax administered by the central bank would discourage blackmail between governments and provide the funds “it needs to pursue its own economic policy,” including a continent-wide quantitative easing scheme similar to those launched in the United States by the Federal Reserve and Britain by the Bank of England.
In the US the Fed policy of purchasing over $4 trillion in assets has benefited Wall street and the ultra-rich and threatens excess liquidity induced hyperinflation.
The ECB began replicating this process earlier this year by injecting a monthly rate of 60 billion euros into the economy.