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The Future of the European Union
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The Future of the European Union

Options, Strategies, Scenarios

Michael Wohlgemuth
GIS, 2012
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Economists won’t find the solution to Europe’s debt crisis in extreme economic policies, says economist Michael Wohlgemuth. Evolving the European Union into a “United States of Europe” or dissolving it is unworkable. So where do the answers lie? The 27 member countries have different economies with disparate needs and challenges, making a “one size fits all” strategy unfeasible. This short, intellectual, though imperfectly edited, article examines the conundrum. You won’t discover the final solution in its pages, but getAbstract predicts that you may gain a better understanding of the complex issues.

Take-Aways

  • The European debt crisis has prompted calls for radical change in EU economic policy. The two most extreme proposals are total integration or decentralization.
  • However, creating a “United States of Europe” is not legally or politically viable.
  • Complete decentralization is equally impractical.

About the Author

Prof. Michael Wohlgemuth is an economist and the director of Open Europe Berlin.

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