In an interview with Germany’s {Der
Spiegel}, Italian Prime Minister Mario Monti says he “can
understand that they [governments] must show consideration for
their parliament. But at the end of the day, every country in the
European Union has a parliament as well as a constitutional
court. And of course each government must be oriented according
to decisions made by parliament. But every government also has a
duty to educate parliament. If I had stuck to the guidelines of
my parliament in an entirely mechanical way, then I wouldn’t even
have been able to agree to the decisions that were made at the
most recent (EU) summit in Brussels.”
“Why not?” Spiegel asks.
Monti replied: “I was given the task of pushing through
Euro-bonds at the summit. If governments let themselves be fully
bound by the decisions of their parliaments without protecting
their own freedom to act, a breakup of Europe would be a more
probable outcome than deeper integration.”
Defuse the Euro Timebomb with a Global Glass-Steagall
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