Main Data
Author: Charlotte Hüser
Title: Would the European Union benefit from a supranational fiscal policy?
Publisher: Grin Verlag
ISBN/ISSN: 9783346091390
Edition: 1
Price: CHF 12.30
Publication date: 01/01/2020
Category: Politik, Gesellschaft, Arbeit
Language: English
Technical Data
Pages: 16
Kopierschutz: kein Kopierschutz
Geräte: PC/MAC/eReader/Tablet
Formate: PDF
Table of contents
Academic Paper from the year 2017 in the subject Politics - International Politics - Topic: European Union, grade: 1,3, Zeppelin University Friedrichshafen, course: Global Society and Integration, language: English, abstract: At least since the financial crisis, the European Union (EU) discusses about the introduction of common fiscal policies. A fiscal union, seen as a deeper integration of EU politics and economy, would have many advantages. Those would for example include a fairer distribution of funds, protection against macroeconomic shocks and the introduction of a concrete legal regulation for current supportive flows of money from the wealthy to the poorer states of the EU. However, there are also arguments against the fiscal union, among other things the possibility of moral hazard, as well as the fear of losing sovereignty to the EU and the distance between the citizens and the EU institutions due to lack of communication. It would have to be communicated to the citizens that a fiscal union, leading to a larger budget, would enable the EU to work more efficient and deal with its current problems.