Germans will never foot the bill and other Europeans will not accept the loss of sovereignty that a supranational state would entail, Védrine told EurActiv.fr on the margins of the Organisation for Econonic Co-operation and Development’s New World Forum in Paris.
Védrine suggested that a 'grand bargain' where Germany bailed out struggling European economies in exchange for more solidarity would never gain traction.
"For the Germans, it would mean that the entire euro zone is under German control - of the Bundestag and the Court of Karlsruhe. For others, it would mean that Germany must pay for countries in difficulty."
“I do not believe for a second in a supranational vision, where the nation-states transfer their competencies to a higher level and where the states will be reduced to regions. The European people will never accept that. To start with Germany."
"The federal leap means nothing,” Védrine said.
United States of Europe
“Let’s abandon this perspective - this will discourage the 0.01% of the people who are federalist - and let us not compare ourselves to the United States,” he said.
“When the Americans created the United States, they brought together Americans. The same when Bismarck brought together the Germans. As General de Gaulle said, you don’t make an omelette with hard-boiled eggs.”
Védrine, 65, served as foreign minister to the government of Lionel Jospin from 1997 to 2002. A Socialist, he was tipped for a senior role under François Hollande in 2012 but the French president opted for a younger cabinet.
Védrine admitted that the solution to the eurozone crisis had mostly been driven by Northern Europe. “But the common political economy should not be reduced to the transmission of German demands to other countries,” he said.
German Chancellor Angela Merkel has mooted in interviews the idea of a “political union” where countries ceded more sovereignty as a solution to save the euro currency
“We need more Europe, we need not only a monetary union, but we also need a so-called fiscal union, in other words more joint budget policy,” Merkel was quoted as saying June last year.
France so far has been reluctant to take a leap towards federalism but may advocate ceding some fiscal control to Germany in exchange for Eurobonds and debt-pooling under a “grand bargain”. For Germany that would be the end point of a fiscal union.