The Federalization of European Union

Petre Prisecaru

Revista de Economie Mondiala / The Journal of Global Economics, 2013, vol. 5, issue 1

Abstract: The federal debate within EU started during the Convention for the Future of Europe that prepared the draft of Constitutional Treaty but its ratification proved to be a failure. Last year a federal entity was proposed by Barroso and Merkel, supported by Future of Europe Group of 11 EU foreign ministers who met in Poland in September 2012. But one needs a new Treaty and the acceptance of all Member States to create a federal state in Europe. After banking union and fiscal union the federalization of EU is seen as the only solution to solve the complex problems of EU multilevel governance and to overcome the difficulties created by financial crisis, debt crisis and economic stagnation.

Keywords: constitution; treaty; federal; state; governance (search for similar items in EconPapers)
JEL-codes: F15 H12 H77 (search for similar items in EconPapers)
Date: 2013
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