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    Tuesday, July 5, 2016

    German revolt against EU: Government demands powers BACK from 'slow' EU to stop crisis

    GERMANY has called on EU member states to “take matters into their own hands” to solve the Euro crisis because Brussels bigwigs are TOO SLOW. Finance minister of the European powerhouse Wolfgang Schaeuble urged the the now-27 member countries to break away and take an 

    "intergovernmental approach" to tackling problems because European Commission time frames take "took long".

    Mr Schaeuble’s shock intervention adds to further speculation that the EU is on the brink of collapse as Eurosceptism sweeps the continent following the Leave vote.

    Britain voted to break away from Brussels on June 23 - a momentous decision that has rocked global financial markets, thrown British politics into turmoil and raised concerns about Europe’s future prospects.

    Mr Schaeuble told a local newspaper that now was a time for pragmatism, adding: "If the Commission doesn't get involved, then we should take the matter into our own hands and solve problems between governments.

    “This intergovernmental approach proved successful during the euro zone crisis.”

    Asked if European institutions should be reformed, Mr Schaeuble said that would take too long and it would not be possible to change European treaties quickly.

    He went on: "The usual Brussels time frames are too long "You soon realise if the Commission isn't managing something or if we're getting bogged down in the (European) Council. And that's when governments have a responsibility.”

    The finance minister also spoke of his concerns that Brussels took so long to react to the migrant crisis.

    Quizzed on whether he was calling for the European Commission to be weakened, Mr Schaeuble replied: "Not at all. I'm just saying that it and we need to be more pragmatic and faster."

    Turning to the UK’s exodus from the EU, Mr Schaeuble said Europe needed to quickly prove that it was capable of functioning to regain the trust of citizens.

    He demanded British authorities make the move quickly. But the German official admitted negotiations between the EU and Britain on Brexit would not be easy, but said it would not be like when Greenland quit what is now the European Union three decades ago - a move that Mr Schaeuble said took seven years.

    Mr Schaeuble also revealed Remain supporter and Chancellor George Osborne called on him to hammer home to Britain that Brexit would be irreversible by using the statement"in is in. Out is out”.

    Source: express.co.uk

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