The problem with regionalism and European federalism is that in contemporary political reality that means deregulation and privatisation, because in contemporary European political reality, the only entity powerful enough to police business is the state.

Devolving power to the regions and ceding it to the EU is to place the cart before the horse: Those institutions need to actually be useful before they can be entrusted with additional power.

tl;dr: Bring the ECB decisively to heel and we can talk about a federal Europe.

- Jake

Austerity can only be implemented in the shadow of a concentration camp.