International bankers, through their proxy the IMF, have threatened the European Union with economic collapse if they don’t cede more power to the international bankers.
The IMF head puppet warned that, without “fiscal federalism”, Europe’s single currency may not survive.
This is a veiled threat to European leaders, and the European population that they’d better do as they’re told or else. If successful, they’ll convert the EU into the EUSR (European Union of Socialist Republics). We know how well that worked out for the former Soviet Union, do we really need to try it again? Centralized power (monopoly power) begets greater corruption.