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I'm curious as to kind of integration you're referring to. On paper, monetary union has prevented the economic integration from happening. The diverse economie
by krona 6y ago
I'm curious as to kind of integration you're referring to.
On paper, monetary union has prevented the economic integration from happening. The diverse economies of the EU are diverging; the north is reliant on export markets outside the EU, while the south is destined for decades of internal devaluation, even in a best-case scenario. Does this help social integration, or does it foster mass resentment rooted fundamentally in cultural differences being amplified?
- dundarious 6y agoPolitical integration may have been the suggestion, though the 2008 and 2020 crises have not seen an increased push for such a political union, so I think it is extremely unlikely. Yanis Varoufakis wrote about this here in 2014, in particular he gives his interpretation of why monetary union alone was doomed to fail: https://www.yanisvaroufakis.eu/2014/08/29/why-is-europe-not-coming-together-in-response-to-the-euro-crisis/ https://www.yanisvaroufakis.eu/2014/08/29/why-is-europe-not-...
- tpm 6y agoThe integration is happening between regions, not between states, because with (even still imperfect) free movement of people, goods and capital national borders lose their meaning. Is northern Italy part of the north or of the south? Does rural Poland have more common with Warszava or with rural Czechia?