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It sidesteps the central challenge that the EU must confront and overcome. If European democracies are to regain their health, economic and political integration cannot remain out of sync. Either political integration catches up with economic integration, or economic integration needs to be scaled back. When confronted with this stark choice, member states are likely to end up in different positions along the continuum of economic-political integration. From the very beginning, Europe was built on a "functionalist" argument: Political integration would follow economic integration. It enabled economic integration to remain one step ahead of political integration – but not too far ahead.Many economists and technocrats thought Europe's governments had become too interventionist and that deep economic integration and a single currency would discipline the state.Europe could have allowed a common social model to develop alongside economic integration.The diversity of social models across Europe, and the difficulty of reaching agreement on common rules, would have acted as a natural brake on the pace and scope of integration.Today it may be too late to attempt EU fiscal and political integration.
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