From WSJopinion: Advocates of a federal Europe should be wary of the EU’s new borrow-spend-and-tax scheme
Whatever else you might say about them, European Union mandarins aren’t short of ambition. They have long wanted to knit the EU into a true federal union, and they’re seizing the coronavirus as a €1.9 trillion opening.
That’s the combined size of the €750 billion one-time virus recovery package European Commission President Ursula von der Leyen proposed Wednesday, and the €1.1 trillion seven-year budget the Commission also is proposing that includes a heavy dose of virus relief. This is on top of €540 billion in Covid-19 relief...
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