Already in my post "ESM or the imminent gutting the rights of the Bundestag" dealt with the issue of the European Stability Mechanism (ESM). The budget legislation - a centerpiece of the parliamentary system - will be removed from the national parliaments in principle and in the ESM management authority, that is, the new super-Ministry of Finance in Brussels, where, if a relevant public does not wake from her coma.
The ESM authority may avail itself, bypassing the national parliaments at the discretion of the deposited funds and guarantees, especially those who were asked by Germany. A takeover by the EU's new super agency, a giant step towards the EU financial dictatorship?
The Euro crisis is so dangerous, not because of the continued existence of the euro could be vulnerable, but because it is used by certain politicians to lay the ax to the root of democracy and self determination of peoples. (more ...)
