Discuss the serious internal problems that the European Union is facing in terms of its goal to stabilize Europe's economic system.

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pohnpei397 | College Teacher | (Level 3) Distinguished Educator

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The major problem that the EU is facing is that it is very difficult (yet perhaps necessary) to impose a basic level of financial discipline on all the countries that use the euro.  What we see today in the EU is a major split between the richer countries that are more used to financial discipline (Germany in particular) and the poorer countries like Greece which have tended to be less disciplined with their public finances.  The EU has to find a way to get all of these countries to have relatively similar fiscal policies so that no countries get into trouble like Greece has, thereby endangering the whole group of countries that uses the euro.

Basically, the problem is that the EU needs to get a large number of separate countries to agree with one another on what must be done.


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