Friday, December 16, 2011

Seven deadly sins of European integration

- The most important nowadays is to save Europe as an integrating continent, because the alternative will be its collapse. When I hear, that Great Britain is drifting away from Europe and I can see the satisfaction on the faces of some politicians I know, that we should blow the whistle - Polish prime minister Donald Tusk has said two days ago - The most important for the European Union is to show the way to further European integration. 

Why the European Union is falling apart? These are the 7 deadly sins:

1. Lack of preparation of the member states for the process of integration and weak fundaments of euro,

2. Too rapid growth of EU without fiscal and monetary integration,

3. Formal integration before growing transnational european identity,

4. Lack of institutional supervision,

5. Conflict between the efforts to establish wide-spread fiscalization and national interest of the member states, 

6. Lack of logic anchoring  in economic theory the amount of deficit criteria and public debt related to GDP for the eurozone,

7. Lack of fundamental condition of succesful integration: the economic ability of each of the member states to hold the competition and market forces in the EU

/source: OsiatyƄski, Ekonomista nr.5 2011/




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