Just as in the United States, it appears that the politicians that run the European Union have no qualms about ignoring the cries of its citizens, and are heading straight towards the eventual signing of the draconian TTIP agreement. In fact, on July 9 the EU Parliament voted yes to a non-binding resolution to pursue the eventual approval of the Transatlantic Trade and Investment Partnership, just as Congress voted to fast track the TPP just a few weeks ago.
The TTIP is similar to the TPP, only it extends between the U.S. and Europe where the other more well known agreement is focused primarily on Asia. But in both secret treaty agreements, the end goal is to supplant sovereign control over domestic and international corporations and provide the means for a new world order run by multi-nationals and technocrats.
Despite vocal criticism, the EU Parliament has approved a non-binding resolution on the controversial Transatlantic Trade and Investment Partnership, bridging a gap in protracted negotiations on the secretive trade pact between the EU and the US.
The resolution was approved by the majority of the parliament with 436 ‘Yes’ votes coming up against 241 ‘No’ votes in Strasbourg on Wednesday in hopes of influencing the TTIP negotiations between European Commissioner for Trade Cecilia Malmstrom and the USA. Washington insists that for negotiations to be successful a dispute body must be incorporated into the final agreement. – Russia Today
Just as the U.S. is now facing new and stiff competition for global economic supremacy from the BRICS and new Asian coalitions, Europe is also experiencing its own issues as the breakup of the union is now a strong possibility thanks to the Greek crisis, and the growing move away from the Euro. And with any treaty requiring a full unanimous vote by all members within the EU, allowing for a Greek exit may benefit the eventual approval of the TTIP, whereas a Greece remaining within the union could lead to its failure.
Either way, the TTIP as well as the TPP, is not just a disaster to economies and domestic job protections, but it has the potential to end sovereign power for nations that sign onto the final agreement. And just like the passing of NAFTA and GATT, the programmed takeover of the global economy by the banks and by untouchable multi-national corporations just got a big boost today in Europe from the bought and paid for tools within the European Parliament.
Kenneth Schortgen Jr is a writer for Secretsofthefed.com, Examiner.com, Roguemoney.net, and To the Death Media, and hosts the popular web blog, The Daily Economist. Ken can also be heard Wednesday afternoons giving an weekly economic report on the Angel Clark radio show.