* * *
Recent proposals to fix Europe’s ailing monetary union have
led some to endorse a stronger fiscal union. Such a fiscal union, which would
supposedly comprise stronger budgetary supervision as well as a modicum of
revenue collection by the Union itself, is taken to mark the step towards
“political” union. The article explores the question of what, if anything, is
understood by “political” in this context. After distinguishing three possible
meanings of political union, the article argues that a true union of this kind
would rest its focus on the form of life that can be sustained among Europeans.
Surprisingly perhaps, the article concludes that less centralization and
unwinding monetary union in its current form may well be more congenial to a
political union than hectic bids for fiscal centralization.
No comments:
Post a Comment