Would the European Union benefit from a supranational fiscal policy?

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The discussion surrounding the introduction of common fiscal policies in the European Union has gained momentum since the financial crisis. Advocates argue that a fiscal union could enhance fund distribution, safeguard against economic shocks, and establish legal frameworks for financial support among member states. Conversely, concerns include potential moral hazards, loss of national sovereignty, and the disconnect between EU institutions and citizens, emphasizing the need for effective communication about the benefits of a larger budget for improved efficiency in addressing EU challenges.