Germany Wants New European Constitution: "There Are New Centers Of Power In The World."

"Germany wants to "reignite a debate over creating an EU constitution", Reuters reports, "to strengthen the bloc's ability to fight off financial troubles and counter-balance the rising influence of emerging economies". Guido Westerwelle noted that Germany EU leaders "need a new constitution... as there are new centers of power in the world." A key change that Germany wants for instance is an amendment to incorporate tighter regional oversight of government spending and allow the EU court of Justice to strike down Spain's a member's laws if they violated fiscal discipline. Here comes the 'Pro-Quo' to the Greek Bailout 'Quid'!

Reuters: Germany wants new debate on EU constitution: minister

(Reuters) - Germany wants to reignite a debate over creating an EU constitution to strengthen the bloc's ability to fight off financial troubles and counter-balance the rising influence of emerging economies, Germany's foreign minister said on Friday.

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"We have to open a new chapter in European politics," Westerwelle told reporters on the sidelines of a meeting of EU foreign ministers in Copenhagen. "We need more efficient decision structures."

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"I think we have to reopen the debate about a European constitution again," he said. "We have a good treaty, but we need a constitution ... There are new centers of power in the world..."

at http://www.zerohedge.com/news/germany-wants-new-european-constitution-there-are-new-centers-power-world