Since the beginning of Euro crisis,politically, the role
of European commission has been minimal and big guns (i.e. Germany and France)
have controlled the overall direction of talks. France is at a relatively
larger risk in terms of financial stability. It is possible that it may lose
its competitive advantage with the further spread of crisis, and thus pass on
all the controlling knobs in the hands of Germany.
Other smaller countries which have intertwined themselves
in debt traps, will find it difficult to match the level of these nations. This
may give rise to further austerity measures, spending cuts and further
introvert behaviour at economical as well as political level. This spread of Euro
crisis within Europe can also result in smaller nations turning their backs on
Euro, as scares will spread in already fragile economies.
European countries may also lose their frontrunner tag
on global scenario, especially when it comes to participating in the global
systems for the purposes of global welfare as well as defence schemes such as
NATO operations. If their influence and participation is reduced in such
operations, it will be difficult for them to maintain their political
superiority on a global level.
If EU is to survive in the global political systems of
nations, a strong Euro commission is a must. EU must promote joint decision-making,
and should not allow concentration of power in single hand.
Stronger coalition and inclusive nature of commission
will ensure quicker and stern actions. Disparities which exist in EU members,
on the economic and political front, should not be directly translated into the
proportionate dominance at commission.
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