Well, well... The EU finally decided that it is in a strong enough position to shed the sheep's clothing and show us just exactly what they have planned.
Commission president Jose Barroso unveiled plans for EU control over national budgets, including an incendiary demand that Brussels should vet budgets before their first reading in Westminster, the Bundestag, and other parliaments.
There you have it, ladies and gentlemen: the iron fist inside the velvet glove.
Such a plan would greatly improve the working of the EMU system, but it would also entail a drastic erosion of sovereignty.
This is interesting from anyone's perspective but most pertinently from that of our Super Coalition of Doom—as Timmy points out.
Essentially, the end of any fiscal or economic independence.
Going to be interesting in that coalition government really….the most eurosceptic of the large parties in alliance with the most federast of them...
How much fun is this going to be, eh? Mind you, the exciting agreement between these two delightful parties does deal with the whole EU bug-bear...
We agree that the British Government will be a positive participant in the European Union, playing a strong and positive role with our partners, with the goal of ensuring that all the nations of Europe are equipped to face the challenges of the 21st century: global competitiveness, global warming and global poverty.
We agree that there should be no further transfer of sovereignty or powers over the course of the next Parliament. We will examine the balance of the EU’s existing competences and will, in particular, work to limit the application of the Working Time Directive in the United Kingdom.
We agree that we will amend the 1972 European Communities Act so that any proposed future Treaty that transferred areas of power, or competences, would be subject to a referendum on that Treaty – a ‘referendum lock’. We will amend the 1972 European Communities Act so that the use of any passerelle would require primary legislation.
We will examine the case for a United Kingdom Sovereignty Bill to make it clear that ultimate authority remains with Parliament.
We agree that Britain will not join or prepare to join the Euro in this Parliament.
We agree that we will strongly defend the UK’s national interests in the forthcoming EU budget negotiations and that the EU budget should only focus on those areas where the EU can add value.
We agree that we will press for the European Parliament only to have one seat, in Brussels.
We agree that we will approach forthcoming legislation in the area of criminal justice on a case by case basis, with a view to maximising our country’s security, protecting Britain’s civil liberties and preserving the integrity of our criminal justice system. Britain will not participate in the establishment of any European Public Prosecutor.
Well, that seems pretty clear. Obviously it isn't stated explicitly, but I would assume that the EU taking control of our economy would count as a "further transfer of sovereignty or powers" to Brussels...?
But then again, as far as most people were concerned, the Lisbon Treaty was the same as the EU Constitution—but the politicians disagreed.
I'd start getting ready for another general election if I were you.
Either that, or bloody revolution...