Topic: Romano Prodi

A 2001 quote from former EU Commission President Romano Prodi is used to argue that the current Greek debt crisis is being leveraged to centralize financial power in Brussels. The prediction suggests that EU member states will eventually cede sovereignty over taxation and wages to avoid economic depression.

The hosts examine historical quotes regarding the European Union, including Nicholas Ridley's 1990 warning that the monetary union was a "German racket." They also highlight a 2001 quote from Romano Prodi predicting that a future crisis would be used to introduce new economic policy instruments in Europe.