: It won't be so nice for the poorer countries within the EU and one is a common working person then they should really look at this issue closely.Europe could develop into a powerful left wing power (considering that the largest voting bloc is socialist, an "anarchist" voting bloc exists in the guise of the Greens and the only halfway conservative opposition is the European Peoples Party, which wants complete economic and political federalism, which is really as right wing as the US Democrats) and this is scaring the shit out of the US economists and foreign policy engineers who've tried to put a break on it by combining red scare tactics, for the nationalist right, and, banker scare tactics, for the left.
It is an undemocratic situation at present but nationalising the central bank, that is bringing it under (relatively) democratic control, means that the right is as capable of employing it as the left and the Conservative manipulation of interest rates before every election in Britain is what allowed them to maintain an almost unmatched hegemony for so long and created a bastard child ideology: Blairism.
Besides what of the ESCB, European System of Central Bankers, through this institute policy can be co-ordinated.
None.
