Saxo Banks cheføkonom Steen Jakobsen: The United States of Europe

"It is clear that democracy in Europe as such is under attack. There is a non-elected government in Italy because the former Prime Minister there was distrusted and disliked... by the EU. Greece also has a non-elected government which came into power after the former Prime Minister in there wanted a referendum on austerity - something that didn't suit ….. the EU! The fiscal policies of the majority of countries in Europe are partly dictated by a Supranational institution like the IMF."