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Rush to UnionUnderstanding the European Federal Bargain$
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David McKay

Print publication date: 1996

Print ISBN-13: 9780198280583

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198280583.001.0001

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(p.137) 7 Applications
Rush to Union

David McKay

Oxford University Press

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.

Keywords:   European Union, political conditions, European Monetary Union, fiscal centralization, European party system

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