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The GST, in contrast, would allow the two levels of government to tax both goods and services at each link in the value chain.This is not quite an act of fiscal unification.
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Do Europeans want fiscal union?
The crisis is recognized by economists as highlighting the depth of financial integration in Europe, contrasted with the lack of fiscal integration and political unification necessary to prevent or decisively respond to crises.
Even though there were some minor changes, the rules were too inflexible to account for special situations that required more flexibility (such as dealing with the costs of unification in Germany) and were therefore more a fiscal straitjacket than a helpful mechanism to maintain financial stability.
Design options in exchange rate, monetary and fiscal policies, are explored for economies in Central Europe and Latin America that aspire to engage in monetary unification.
Stiglitz gives a detailed and persuasive list of measures that would help to save the euro, including a continent-wide system of deposit guarantees, a unification of the banking system, a sharing of debt burdens, and an increased role for fiscal policies to help growth and stimulate employment.
After unification, these stopped.
German unification proved expensive.
The unification obliterated individuality.
"Unification will come soon.
"Fiscal conservative?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com