An EU Fiscal Union will prevent the next Brexit - here is why

The European Union (EU) has been a driving force for economic integration and stability among its member states. However, the current EU budget system faces significant challenges, including uneven contributions and structural inefficiencies. To address these issues and strengthen the EU, this video delves into the history of EU financing, examines the problems with the EU budget today, and explores the potential benefits of a fiscal union. By analyzing these aspects, we can work towards a more cohesive and sustainable future for the European Union and its member states.

Video Contributors: Giulia Rossolillo Professor of European Union law at the University of Pavia, Member of the Executive Bureau of the Union of European Federalists and Director of the political review 'The Federalist'.

Sources:

• Giulia Rossolillo, The ECSC’s financial system and its relevance today, in The Federalist, 2022: https://www.thefederalist.eu/site/ind... relevance-today
• Giulia Rossolillo, Applying the ECSC model to give the EU fiscal power, The Federalist, 2020: https://www.thefederalist.eu/site/ind... give-the-eu-fiscal-power
• Giulia Rossolillo, The financing of the European Union: a proposal for Treaty reform to give the EU true fiscal capacity, The Federalist, 2020: https://www.thefederalist.eu/site/ind... union-a-proposal-for-treaty-reform-to-give-eu-true-fiscal-capacity-2
• Giulia Rossolillo, Luca Lionello, Creating a European fiscal capacity: what it means and why it is so important to the integration process, The Federalist, 2019: https://www.thefederalist.eu/site/ind... capacity-what-it-means-and-why-it-is-so-important-to-the-integration-process
• Giulia Rossolillo, Financial autonomy and differenciated integration, The Federalist, 2014: https://www.thefederalist.eu/site/ind...
• European Council, Fact Check on the EU Budget https://ec.europa.eu/budget/publicati....
• Statista, EU Budget Contributions per Country https://www.statista.com/statistics/3...
• Federal Reserve Bank of St. Louis, Federal Net Outlays https://fred.stlouisfed.org/series/FY...
• Congressional Budget Office, The Federal Budget in Fiscal Year 2022 https://www.cbo.gov/publication/58888
• EU Commission, EU Budget How it Works https://commission.europa.eu/strategy...