What are the economic reasons why fiscal intregration doesn't occur in the Eurozone/Area (not disadvantages)

Question

If you be detailed it would be very much appreciated.Colin

Answer 1

There is an inherent marriage -- or at least "chicken and egg" arrangement -- between political institutions and economies.

Until the political powers are aligned so that there is enough centralized power in the EU, the political situation will prohibit true economic integration.

The Euro situation is complicated since there is a wild diversity of language, culture, tradition, etc, and none of the member states wishes to be ruled by a powerful EU that would force any sort of true homogenization. The Brits are used to ruling an empire, and not real willing to be be ruled by any delegation from, say, France or Romania.

Sadly, the EU has also been hijacked by liberal one-world-government types. The EU endlessly talks about all sorts of social issues important to ultra-liberals, who don't usually don't have the power to get such changes made back in their own country. While conservatives might not have all the answers, at least they have a sense of doing what is right for businesses, and as we all know, even communist states need thriving businesses.