This chapter examines the application of a proposed conceptual framework for evaluating the viability of the EU. It compares the economic and political conditions of the EU with those prevalent in other unions, particularly the U.S. It explains the policy ramifications of the European Monetary Union (EMU) and argues that almost all the scenarios provided by a range of respected economists produce pressures for fiscal centralization. It evaluates the policy implications of competing economic scenarios and examines the capacity of the European party system and institutional structure to accommodate them.
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
If you think you should have access to this title, please contact your librarian.