Unearthed – The covert plan designed to create fiscal supremacy for the EU

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By Stephen Bailey.

A secret agenda designed to achieve the ‘completion of economic and monetary union’ between the then 28 member states was drawn up by the European Union in a confidential document that was discussed by the bloc’s leaders at a summit in 2012.

It is now a well established fact Edward Heath, the U.K.’s Prime Minister during the process of the U.K.’s accession to the then European Economic Community (E.E.C.) in the early 1970s had been comprehensively briefed by the Civil Service on the full implications of membership of the bloc before he formally applied for membership.

The information was set out in a dossier, currently stored in the National Archives at Kew, Surrey under the classification F.C.O. 30/ 1048, which was a series of briefing papers and documents that comprehensively set out the full implications of E.E.C. membership for the U.K.

It unambiguously and expressly set out to Heath that the then European Economic Community (the E.E.C. became the E.U. in 1993) had the ultimate goal of economic, monetary and fiscal union (as well as a common foreign and defence policy) all of which constituted the greatest surrender of the U.K.’s national sovereignty since the Norman Conquest of 1066.

This process may take thirty years, the dossier’s authors postulated, but the end result would be the stripping of economic control from the member states and its centralisation in Europe under the control of the organs and institutions of the bloc.

In the E.U.’s nine-page plan, drawn up in 2012, Herman Van Rompuy, the former President of the European Council, sets out a series of steps from ongoing financial reforms to overall political union for the entire eurozone.

The paper states:

‘The general objective will be to aim for a progressive pooling of economic sovereignty at the European level [culminating in eventual complete supremacy over financial matters for the bloc].’

Mr Van Rompuy expected the E.U. to have agreed an ‘operational framework’ to give the European Central Bank (E.C.B.) the role as the single eurozone banking supervisor within a year.

A second phase, leading to a full ‘banking union’ with legislative proposals for a shared bank bail-out fund and a euro-wide deposit guarantee was then envisaged.

By 2014, the plan required all eurozone countries to ‘enter into individual arrangements of a contractual nature with E.U. institutions on the measures and reforms they commit to undertake and on the means for their implementation.’

With banking union and binding contracts of fiscal policy, the basis would have been laid, according to the plan, for a move to ‘completion’ of the euro, which would have implied ‘a change to the treaties’ after 2014.

By the final stage, all the eurozone countries would have surrendered their fiscal sovereignty to the E.U. with an ‘increasing degree of common decision-making on national budgets [this effectively meant that the member states would lose the ability to set their own national budgets – this function would pass to Brussels] and an enhanced coordination of economic policies.’

In other words, the end game of this plan was for the member states to lose their fiscal sovereignty to the E.E.C., which would control the ultimate levers of power in this area of policymaking.

For more from Stephen Bailey please visit: https://ukunionism.wordpress.com/blog-2/

© 2022 Stephen Bailey

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