The European sovereign debt crisis could contribute to the breakup of the European Union if not properly managed, said EU adviser and anti-bureaucracy czar Edmund Stoiber in an interview with Die Welt magazine on Monday. “We live in a borderless continent. This is a big challenge,” said the former Bavarian prime minister (translation ours throughout).
To solve the euro crisis, Stoiber advised swift and automatic sanctions against any EU member nation that violates the financial standards set for it by Germany. “We ultimately give this money, not because we are a noble knight, but we give this money out of personal interest,” said Stoiber. “Therefore, we must impose conditions.”