Display:
Assuming there's a push towards federalisation.
by Colman (colman at eurotrib.com) on Fri Nov 20th, 2009 at 07:39:30 AM EST
[ Parent ]
I think it's usually called 'closer cooperation.'
by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Nov 20th, 2009 at 09:20:30 AM EST
[ Parent ]
There will be a push towards either federalisation or split-up. Having a (mostly) federal monetary policy without a complementing independent federal fiscal policy is inherently unstable. So either you need a federal fiscal policy, or the € needs to go away.

Besides, there are real issues of infrastructure and regional development that would benefit from federal involvement - high-capacity/high speed railways, water management along the Rhine and Donau rivers, fishing and environmental protection in the Mediterranean and Baltic seas, trans-European communications, phone and internet backbones, trans-European power generation and distribution and so on and so forth and etcetera.

Nationalists of all flavours can bitch and moan as much as they like - but geography and infrastructure are more powerful drivers in political unification than zeitgeist.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Nov 20th, 2009 at 09:47:48 PM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series