European Central Bank President
Mario Draghi on Friday attacked the arguments of Euroskeptics,
saying leaving the European Union can actually reduce a nation's
sovereignty, rather than increase it.
"Putting oneself outside the EU could lead to greater
independence in economic policy, but not necessarily greater
sovereignty," Draghi said in a speech at Bologna University.
"The same argument is true for single currency.
"In a globalised world, all countries have to cooperate to be
sovereign.
"That is even more necessary for the countries of the
European Union.
"By protecting States from external pressures, cooperation
makes domestic policies more effective...
"In reality, the European Union gives countries back the
sovereignty they would lose otherwise in many areas".
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