Sunday, February 21, 2016

French President Hollande advocates for the technocratic power of the unelected EU financial system

As the United Kingdom debates on whether to exit the European Union and keep their dual currency mandate within the coalition, French President Francois Hollande on Feb. 19 spoke in opposition to this and instead advocated his support for the unelected technocrats that run the EU’s financial system.  And in comments made during the ongoing EU Summit, Hollande stated that no sovereign nation should have the power to veto decisions made regarding financial regulations within the European Union.
President Hollande’s words support recent comments made by both the French and German central bank heads who called for a centralized finance ministry at the EU level that would supersede all member states within the Union.


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