EU

• EU was never envisioned to be a fiscal market

  • only a shared economy to ensure peace trough economic dependency
  • common fiscal market would also require a common spending policy
    • how much to pay for e.g. education, healthcare, etc
  • there are still efforts for cooperation and control
  • multilateral agreements are in fashion currently

• has a Black List

  • countries try to get off that list as fast as possible
  • currently 12 countries on that list, volatile tho