European integration
Fiscal union

There has long been speculation about the possibility of the European Union eventually becoming a fiscal union. In the wake of the European debt crisis that began in 2009, calls for closer fiscal ties, possibly leading to some sort of fiscal union have increased; though it is generally regarded as implausible in the short term, some analysts regard fiscal union as a long-term necessity. While stressing the need for coordination, governments have rejected talk of fiscal union or harmonisation in this regard.
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