The European Union (EU) should further integrate fiscally and politically in spite of the many challenges it faces. Nationalist movements across the continent threaten the existence of the EU. The Euro, once the pinnacle of the European project, has been dealt a couple of blows. We cowardly lay blame on refugees, populists and a coin; they will never disappear. It’s not the fault of the Euro. It’s (the lack of) political will, stupid!
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With anti-Europe sentiment rising through Member States, the EU is facing a crisis of faith. The Energy Union provides an argument for continued European integration, with energy democratisation as the key to its success.
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It has been a rough couple of years for the EU with much debate in academia on its various deficiencies. However, with the financial crisis, the almost Grexit, the refugee crisis and now the Brexit, these struggles have also entered the everyday life of ordinary citizens. For many EU enthusiasts the past years of crisis seemed more like a minor hiccup, a difficult period that could be overcome if everyone just kept on moving forward. Yet, the Brexit vote changed everything.
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For this month’s Special Report, Prof. Dr. Thomas Straubhaar, professor of Economics at the University of Hamburg, shares his opinion on the current state of affairs in the EU’s economy as well as the future of fiscal integration. He was the Director of the Hamburg Institute of International Economics (HWWI) from 2005 till 2014. In 2005 he joined the IZA Policy fellow network. In 2009 he was awarded the Helmut Schmidt Fellowship of the ZEIT Foundation at the Transatlantic Academy in Washington, DC.
READ MORE[box type=”info” icon=”none”]Dr. Piers Ludlow is an Associate Professor at the International History Department of the London School of Economics and Political Science. His main research focus is the history of Western Europe since 1945, in particular the historical roots of the integration process and the development of the EU. In this interview he discusses
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A crisis-ridden EU has sparked many debates. Is the EU becoming more intergovernmental? Should it integrate more deeply (with a fiscal union)? Is disintegration or policy dismantling a real concern?
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