3 ms·
American: by Federalization, do you mean a single pan-EU govt? Is there a sunmary if the structure & power-sharing arrangement between the constituent states?
by thechao 5y ago
American: by Federalization, do you mean a single pan-EU govt? Is there a sunmary if the structure & power-sharing arrangement between the constituent states?
- SideburnsOfDoom 5y agoSome things are shared already: The Euro is common currency for key states, and borders are light-to-non-existent. Thea means that a lot of governance has to be shared. The lesson is that a single market isn't just about opening borders, it's about shared standards and practices that prevent a race to the bottom. A market is fundamentally a shared set of ground-rules. I'm sure that there are lessons to be learned from 2008 about making a shared currency and financial arrangement that works for both e.g. Germany and for Greece. Without the UK, "the awkward odd man out that consistently vetoed further integration" this trend is bound to continue and more things will become shared, in an "ever closer union".