Description
Europe is currently caught in a malfunction triangle between national politics, European policies, and global markets. Moreover, the democratic politics of the EU have remained national. Moreover, a single currency has been established without establishing a set of institutions to facilitate any regions of Europe to operate efficiently. The European area has been going through a lengthened period of weak economic activity and very low inflation, and there is a need to strengthen its Economic and Monetary Union, based on political stability, so as to upsurge its resilience to economic shocks. To that extent, uncertainty and political fragmentation have been amplified significantly in the aftermath of financial crises, which have been economically destructive, making crisis resolution more problematic. The crisis across Europe has led to a failure in confidence in European institutions, leading to political fragmentation of positions among Member States, and stirring up nationalistic instincts. This has impeded decision-making, averting the formation of a common growth strategy. Nevertheless, it is essential to move towards the establishment of the United States of Europe in order to avoid the collapse and disintegration of the EU.
