The EU is doomed to fail because it is solely a monetary union, and it does not have federal powers to collect taxes and force economic harmony between its country members. Because every country in the EU pursues different policies, each one faces different economic outcomes. Some are more prosperous than others, and there’s no way for the centre to move resources between its member states. But at the same time, all states share the same currency and monetary policy — which is not always suit...

The EU is doomed to fail because it is solely a monetary union, and it does not have federal powers to collect taxes and force economic harmony between its country members. Because every country in the EU pursues different policies, each one faces different economic outcomes. Some are more prosperous than others, and there’s no way for the centre to move resources between its member states. But at the same time, all states share the same currency and monetary policy — which is not always suit...