alt Hacker News> The EU needs to be truly Federal to succeed economically. That might create uniform regulations with more uniform regulations and actually make Europe competitive.
EU already has uniform regulations, what are you talking about? It's also the third largest economy in the world, as uncompetitive as it is.
Replies
cowboy_henk • today at 11:24 AM
The EU is not a fiscal union. It is also not yet a single capital market.
hobofan • today at 1:07 PM
> It's also the third largest economy in the world
If going by GDP (which this claim usually does), the EU as a whole beats out China for second place by ~10%. When going by individual countries Germany alone is the third place behind China, though with a large gap between the two.
No it does not. There's a lot of gold plating happening at the national level that goes beyond EU regulations. It's EU regulations + 27 national regulations in reality. The EU economies are still too different and the population too unwilling to have a truly US-style single market.