Topic: Joseph Ackermann

Joseph Ackermann and other European financial leaders are calling for member states to surrender sovereign rights to save the Eurozone. A linguistic distinction is noted between the American definition of "federalism," which implies a balance of power, and the British interpretation, which views a "Federal Europe" as a centralized superstate or dictatorship. This shift toward a "Renaissance of Federal Europe" is presented as a move toward a giant European bureaucracy.