Unelected economic affairs chief of the EU, Pierre Moscovici, claims that “more progress in European integration” is what is needed to end populism, which as he describes it, is “a major threat for our democracies, for liberal democracies, for the rule of law and for European values”.
“Having a eurozone budget is absolutely decisive if we want to address the populist challenge, the burning question of inequalities,” he said in an interview with news outlet Euractiv.
His goal is for the EU to end national sovereignty over finance with the creation of the “eurozone budget” killing off populist politics within the euro region. Moscovici’s said after a talk at New York’s European American Chamber of Commerce that “the European crisis is no more an economic crisis.
It is an inequality crisis. It is a political crisis. It is a crisis of delivery. We need to deliver more. That is what eurozone reform is about. It is not technical. It is highly political.”
In Italy, citizens elected a coalition of the Eurosceptic, anti-establismnet Five Star Movement and the anti-mass migration League, which just passed a nationalist budget which has not impressed the Commissioner, who stated: “My message is that their interest, not only their duty but their interest, is to reduce the structural deficit” and in turn their public debt so they can develop investment in the economy.”
Previously Mr. Moscovici has attacked Italy over the government’s ‘failure’ to propose what he considers a ‘credible budget’. His attack on populism in Europe, referring to them as “little Mussolinis” and “a climate that looks a lot like the 1930s”.
His dislike of populism probably stemming from his political beginnings in France’s Revolutionary Communist League.
France’s President Emanuel Macron is one of the biggest advocates of a “eurozone budget” and has demanded a “profound transformation” of the eurozone which would lock its 19 members with a joint finance minister, budget, and parliament.
Euractiv reports that Macron and his own economy team are “ramping up the pressure” to push forward with irreversible convergence prior to the European Parliament elections which will take place next year. The commission rightly fears the rise of pro-sovereignty movements will likely endanger the “project” of a federal EU superstate.
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