ItWillNeverWork
Messy Crimbobs, fellow humans.
Ah good, an interesting post.
Not disagreeing with the thrust of your analysis, but why would the reorganisation have to involve centralisation of power? I presume that, by that, you mean that monetary union needs the addition of fiscal union, so a single central power setting not just interest rates but also tax rates. A proper federalised state.
Could it not be argued that this is, in effect, what we already have, just without even the pretence of a democratic structure to govern it, hence the strong ruling over the weak?
It's an interesting point, given that my position over brexit was basically 'stay in but it needs radical change'.
I think the centralisation would come about naturally once you add in the fiscal union. Can you imagine the scenario whereby taxes collected in the UK would be used for economic stimulus is Greece? The right would be up in arms. Personally I wouldn't mind a jot if that happened, but politically it would not be sustainable
My guess is that at that point the EU would find itself at another juncture - either it reduces national parliaments to the equivalent of US state legislatures and introduces presidential elections, or it finds a constant thorn in its side from disgruntled nationalist-inclined domestic political parties. This is presuming reform is possible in the first place.