#union #iww #ows #occupy #p2 #tlot #tcot

Should the left be arguing for an EU wide unemployment insurance system?


As the fiscal union screw tightens, it is time the centre-left had a debate about what it can do to make the Eurozone more progressive.

Slowly, slowly, bit by bit and sometimes in big leaps, the EU – or at least the Eurozone – is moving towards a stronger fiscal union. This has always been inevitable to some degree; monetary unions, where the currency is shared and there is only one interest rate, almost always need firm fiscal discipline to be enforced. If you don’t have it then you have all sorts of perverse incentives playing out with strong, surplus countries feeling they are paying for th...