This posting by Zero Hedge tells us little new about the push for further fiscal integration but there are a couple of points that need to be raised. First of all, the author and many of the comments once again show their misunderstanding of the European Union and its unique structure; instead they reach for inappropriate historic parallels and bleat about the Fourth Reich, which it is not and is not likely to be.
Secondly, it talks about countries having to be prepared to cede sovereignty whether to the EU or to Germany. What sovereignty? Since the existence of the EEC, its laws have been superior to national laws; any part of national legislation and taxation (such as VAT) that the EEC/EC/EU has chosen to control it controls with no possibility of the national legislature throwing anything out. This has been made clear over and over again. Which part of it is so hard to understand?