Jiří Pehe approves of loss of sovereignty

Relieved at the proposals by French President Nicolas Sarkozy and German Chancellor Angela Merkel for rescuing the euro, political scientist Jiří Pehe answers in the left-leaning daily Právo those who complain that this means the end of national sovereignty: "It was clear from the start that a common monetary policy could not exist on the long term without a common budget policy. The alternative would be the collapse of the Eurozone and the EU, with catastrophic consequences. No one in Europe exercises true economic sovereignty. For the Czech Republic to have such sovereignty it would have to stop exporting to the EU altogether. Reasonable politicians should call for more integration. Otherwise we'll be sidelined and have to look on while others take decisions that effect us directly but in which we have no say from our 'island of sovereignty'."

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