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A fiscal union requires a political union, because otherwise nationalist demagogues will always have an easy target such as "lazy Greeks" to exploit for local political advantage. Do you want your hard earned cash to be used to support inferior/lazy/inefficient/spoiled [insert country of choice du jour here] people

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Tue Sep 24th, 2013 at 12:14:49 PM EST
[ Parent ]
A monetary union requires a political union, because money is a token of power.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Sep 24th, 2013 at 12:55:37 PM EST
[ Parent ]
A fiscal union requires a political union, because otherwise nationalist demagogues will always have an easy target such as "lazy Greeks" to exploit for local political advantage.


In the Neurozone, there can be only one.
by Migeru (migeru at eurotrib dot com) on Tue Sep 24th, 2013 at 04:06:45 PM EST
[ Parent ]
I think you are missing the point. "Lazy Greeks" and any other potential targets for nationalist demagogues don't have a vote in the Bundestag, but they do have a vote within the EP. If the centre of power were to incrementally move from the Bundestag to the EP as part of the development of a political union, it gives such potential outsiders a voice and a vote where it matters increasingly more.

It won't stop nationalist demagoguery, but it can help to contain it, and make it less productive especially if potential outsider groups align more within the EP and develop common positions. It is very difficult to sell fiscal transfers from Germans to Greeks in the Bundestag: Less so in a more empowered EP especially if it is part of a deal where German interests also get part of what they want.

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Wed Sep 25th, 2013 at 05:08:17 AM EST
[ Parent ]
We're not on a path where any of that can happen.

In the Neurozone, there can be only one.
by Migeru (migeru at eurotrib dot com) on Wed Sep 25th, 2013 at 05:09:23 AM EST
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