2 ms·
NY makes more money (and collects more taxes) than e.g. Alabama. So NY finances Alabama. In the EU, Germany implements capital controls in Greece. That's the d
by tomp 10y ago
NY makes more money (and collects more taxes) than e.g. Alabama. So NY finances Alabama. In the EU, Germany implements capital controls in Greece.
That's the difference. US is a monetary and fiscal union that has free movement of labor and capital. The EU cannot only be the latter.