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Growth and the Single Currency: Fiscal Policy as the Cause of Disunity in the EU

Author

Listed:
  • Jan Kregel

    (Levy Economics Institute)

Abstract

The Ventotene Manifesto provided a guide to the future of European unity, yet it did not consider expressly what eventually became a central element of the evolution of the Community: the Single currency project. A confrontation of the ideals of the Manifesto and the implementation of the single currency allows an assessment of the problems currently facing the EU, suggesting that insufficient attention was given to coordinating the Euro with 'The truly fundamental principle […] that economic forces must not dominate man, but rather […] guided and controlled by him in the most rational way, so that the broadest strata of the population will not become their victims'.

Suggested Citation

  • Jan Kregel, 2021. "Growth and the Single Currency: Fiscal Policy as the Cause of Disunity in the EU," Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, Fondazione Luigi Einaudi, Torino (Italy), vol. 55(2), pages 181-190, December.
    • Handle: RePEc:fle:journl:v:55:y:2021:i:2:p:181-190
    DOI: 10.26331/1156
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    More about this item

    Keywords

    Single Currency; Ventotene; European Unity; European Fiscal Policy;
    All these keywords.

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • N34 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Europe: 1913-

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