THE BIGGEST LIE ON WHICH THE
EUROPEAN UNION IS BASED ON
Article 125
Treaty of Lisbon
"The Union shall not be liable for or assume the commitments of central governments, regional, local or other public authorities, other bodies governed by public law, or public undertakings of any Member State, without prejudice to mutual financial guarantees for the joint execution of a specific project. A Member State shall not be liable for or assume the commitments of central governments, regional, local or other public authorities, other bodies governed by public law, or public undertakings of another Member State, without prejudice to mutual financial guarantees for the joint execution of a specific project."
This Article forbids the creation of eurobonds, a banking union and a fiscal union; yet the EU commission and several member states continue to mislead global markets that the eurozone will evolve into more than it is today.
EUROPEAN UNION IS BASED ON
Article 125
Treaty of Lisbon
"The Union shall not be liable for or assume the commitments of central governments, regional, local or other public authorities, other bodies governed by public law, or public undertakings of any Member State, without prejudice to mutual financial guarantees for the joint execution of a specific project. A Member State shall not be liable for or assume the commitments of central governments, regional, local or other public authorities, other bodies governed by public law, or public undertakings of another Member State, without prejudice to mutual financial guarantees for the joint execution of a specific project."
This Article forbids the creation of eurobonds, a banking union and a fiscal union; yet the EU commission and several member states continue to mislead global markets that the eurozone will evolve into more than it is today.
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