Hans Tietmeyer Quotes

A European currency will lead to member-nations transferring their sovereignty over financial and wage policies as well as in monetary affairs... It is an illusion to think that States can hold on to their autonomy over taxation policies.

Sometimes it is my impression that most politicians are still not aware of being under the control of the financial markets and are even governed by them.

It is an illusion to think that [EU] states can hold on to their autonomy.