This is a wonderful visionary and reflective piece. Carl Bildt is to be congratulated in tackling the Aachen Mafia. These issues of Subsidiarity are most obvious in the Exclusive competencies of the Commission and its relationship to the ECB. Bernar Leitaer advised on , indeed all but designed the ERM, his early design was torn up in a rush for Political Expediency and much of the wisdom of Prof. Leitaer was thrown out along with with the Infant of promise, complementary currencies and subsidiary sovereignty for member States.
More Europe amd less Brussels a reversal of polartiy from the boundaries to the centre and not the other way around.
Meet The Fuggers.