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[Blog] Raoul Marc Jennar said the Transatlantic Economic Council

A new advance of the Atlantic: the "Transatlantic Economic Council"

When annual US-EU summit held in Washington on April 30, George W . Busch, Angela Merkel and Jose Manuel Barroso signed a framework agreement to strengthen transatlantic economic integration with special attention for the harmonization of regulations, standards and benchmarks in both economic areas. On this occasion, the Chancellor stressed that a common market must be created in the long term and the president of the European Commission said the two economic areas should be more integrated.

Even if it meets expectations repeatedly made by the majority of Christian Democrats and Social Democrats in the European Parliament under the leadership of the influential German MEP Erika Mann, the Party of European Socialists Group (JDM 7 March 2006), the creation of this "Transatlantic Economic Council" has of course been the subject to any parliamentary debate in the 27 member states. Nor that the principle of creating a US-EU common market announced by the Chancellor.

The Transatlantic Economic Council will be chaired by the American Allan Hubbard and Gunther Verheugen, Vice-President of the European Commission. It will consist of representatives of governments but also private companies. He will oversee the implementation of the framework agreement, set goals and set deadlines and will supersede the negotiations on the same issues standing in other contexts.

This new institution poses serious threat to hopes of a European Europe ensuring priority to the interests of the peoples of Europe in respect of the modes of organization together they have given themselves over the centuries. Because its goal "harmonization of regulations, standards and criteria" , actually means questioning the way European countries, particularly those of Western Europe have designed and implemented the law, national accounts, economic and social relations for about 150 years. This is a new step towards normalization to American standards. With the active complicity of the 27 EU governments.

priority substances will be a negotiation for a "harmonization" by summit next year were arrested on the basis of recommendations of lobbies such as TransAtlantic Business Dialogue . These intellectual property rights, innovation and technology, investment, financial markets and trade security. Four specific areas will be immediately subject to negotiations to standardize regulations: cosmetics, medical devices, medical products and automotive.

The objective of this new institution is to foster transatlantic economic integration still further. Given such intentions, a question arises: why governments of the 27 states of the EU Commission in Brussels and they do not immediately transfer sovereignty peoples of Europe to the United States of America? Because it must be done gradually to avoid a revolt?

Raoul Marc Jennar

researcher alterglobalist