It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created." Prodi

Göran Persson och federalismen

Rome, Habsburg and the European Union

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"ever closer union" - The United States of Europe

Otmar Issing

Never-closer union
If it is to survive, the European Union must become a lot more flexible
The Economist print 25 March 2017

Either political integration catches up with economic integration, or economic integration needs to be scaled back.
As long as this decision is evaded, the EU will remain dysfunctional.
Dani Rodrik, Project Syndicate 14 March 2017

European Commission plan for a eurozone fiscal union at Google

The European Commission is to unveil radical plans for a eurozone fiscal union,
pushing for an embryonic treasury with powers to fight economic recessions and to cope with shocks in hard-hit regions.
Ambrose Evans-Pritchard, 22 May 2017

The EU budget authority will be backed by a joint eurozone unemployment fund, akin to social security in the US.

The proposal entails an unprecedented level of shared risk among the EU eurozone states and marks a profound shift in thinking after years of rigid austerity and lack of investment.

It would come under the "democratic oversight" of the European Parliament, giving it crucial legitimacy at federal level.
This would rein in the over-mighty Eurogroup that effectively runs the eurozone today and acts as a law unto itself, operating in total secrecy and answering to no elected body.

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Fiscal union will never fix a dysfunctional eurozone, warns ex-IMF chief Blanchard

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