Annals of the Fondazione Luigi Einaudi

An Interdisciplinary Journal of Economics, History and Political Science

The Annals is a forum for the free exchange of ideas
among scholars working in the field of social sciences
Volume LV 2 - 2021

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

Jan Kregel,
pp. 181-189
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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”.