A Keynesian View of the European Union
This paper discusses several facets of the situation of the European Union. It begins by explaining the history of the EU and sentiments of European integration, following into the a brief history of Keynes. Afterwards, I will explain the current status of the EU, detailing the various policies, or lack thereof, as well as the various problems that currently plagues the EU. Following, I will offer solutions to the aforementioned problems drawing from the conclusions to which Keynes arrived, with special focus, however, to the current trend of globalization.
The EU and the US: Reasons for Difficulty
In this 15-minute podcast, I juxtapose the European Union and the United States of America to reason why the EU has such trouble in achieving a viable unified fiscal and monetary policy like that of the US. The US has 50 states with separate fiscal autonomy, while the EU similarly has 27 member states all with fiscal autonomy. Likewise, the dollar and the euro are backed by the same concept as well as the fact that they are both relatively consistent in price level. The US success and EU failure in fiscal and monetary policy is a result of the differences in circumstances in which the EU and US developed in their primacies.