In the EU,there is a
A)low degree of fiscal integration among EU countries.
B)high degree of fiscal integration among EU countries.

Question

Quizplus · Accepted Answer

The EU has a low degree of fiscal integration among its member countries. Although the EU has a single currency (the Euro), member states retain control over their own fiscal policies, including taxation, spending and borrowing. The EU's budget mainly consist of contributions from member states and is used to fund common policies and programs. Overall, the EU's fiscal framework is characterized by coordination rather than integration.

In the EU,there Is a