Sunday, October 14, 2012

The EU, Still Far-away from the peace



I agree that the ideal of the European Union (EU) fits in with what the Nobel Peace Prize regards highly of. But, unless the EU unifies their fiscal policy by relinquishing the national governmental authorities among these EU countries, it is still too early to give the EU the Nobel Peace Prize.


The aftermath of WW1 caused European citizens to think of the European unification. The alliance countries force all the Central-Power countries to take their immense responsibility their ability cannot afford to bear the responsibility at the end of WW1. This resulted in the rise of ultra-nationalism in the former Central-Power countries in order to forcibly default their immense national debts. Even though some might argue that the main cause of the European integration was the loss of all empires, this fiscal havoc as an aftermath of WW1 was an extremely significant cause of the motivation in the European integration.

Polish still detest their past of being occupied by both Germany and Russia. But, because Germany is neither imperialistic nor oppressive nowadays, Polish started to think they are more co-habitable due to the successful political integration.

Nonetheless, I am still worried about the fiscal fragment and the nationalistic rigid labour market of these EU countries. Unless they start tacking with establishing the collective responsibility among these EU countries, the similar fiscal havoc at the end of WW1 might take place soon... Furthermore, the EU really needs to stimulate deregulation of their national labour market. The labour market has to be flexible as much as at the level of the USA and Asia in order to harmonise their business cycles together.

No comments: