ROME (MNI) – Italy’s Prime Minister Mario Monti Friday called for
the 17-member states of the euro area to increasingly relinquish or
“share” their sovereignty in order to curb the influence wielded by
financial markets and the impact of globalization.
In order to control globalization “there is the need for a more
incisive coordination among governments, and this implies the
relinquishing of national sovereignty,” Monti said in a televised speech
at a meeting of the International Christian Democrats. “I prefer to call
this the sharing of national sovereignty.”
If that doesn’t happen, power will remain “exclusively in the hands
of the markets,” Monti warned.
The prime minister urged that careful attention be paid to the
European integration process, adding that if this did not occur, there
was a risk that it would be rejected.
“If integration among the [EU] nations is not carefully looked
after, it can provoke rejection issues,” Monti said. “Because of this,
we will hold a meeting among European leaders to talk about how to
approach this matter.”
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