In the truth is stranger than fiction category, German Finance Minister Wolfgang Schäuble is calling for a political union "now" with a directly elected EU president (and of course he is the unstated logical candidate).
Translation: Schäuble is running for "Grand Keiser of All Europe".
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More: http://globaleconomicanalysis.blogspot.com/2012/05/german-finance-minister-wolfgang.html
Anyone with a respectable cache of tin foil hats knew this was coming when the Euro was first proposed.