The European Union is the second largest economy in the world in nominal terms and according to purchasing power parity, thanks to it’s united economy, but that’s not enough for Europe’s survival.
A European federation, sometimes also called The United States of Europe, named after the (often seen as successful) example of the United States of America.
Already from the very beginning of the European Coal and Steel Community in 1950, it was intended that the future of Europe should be further integration, that’s the only way for Europe to overtake China as the 2nd world superpower.
If the U.S. didn’t became a single country, it would never become a superpower, many think that the case for Europe is similar, however the economic crisis, negative press and the reluctance of national governments to let go of power, have seriously damaged the positive view of a federal Europe.
“I want a new constitutional treaty to establish the United States of Europe. A Europe that is no threat to its member states, but a beneficial addition,” , former President of the European Parliament Martin Schulz said in 2017.
The plan for a United States of Europe outlined by Mr Schulz included the creation of a euro-zone finance minister to coordinate spending across the bloc, as well as a European-wide framework for setting minimum wages to stop the undercutting of salaries.
The recent economic and political crisis in several European countries may be the result of the still unaccomplished further European integration to one country and one of the possible consequences and even failure of this goal.