At the seminar on fiscal federalism held by KAS and Giménez Abad foundations in Altea (Alicante) Marín: Europe is not ready yet for fiscal union and its debate paralyses others such as the banking union one 

05/10/2013

    _ Antonio Beteta, Mario Garcés, Gabriel Elorriaga and Ángel de la Fuente were some of the speakers

Miguel Marín, Director of Economy and Public Policies of FAES Foundation, participated on Saturday, October 4 in the seminar on fiscal federalism held jointly by the Konrad Adenauer Foundation and Manuel Giménez Abad Foundation in Altea (Alicante). Marín took part in the panel “Toward a European Fiscal Union: Consequences for the National Fiscal System”, where he stated that Europe is not ready yet for fiscal union and that its debate paralyses others which are necessary, such as the banking union one. In this respect, he suggested not to take more steps in this direction without consolidating the previous ones. 

According to him, there is a semantic problem when it comes to understanding the objectives of fiscal union. He does not even know whether it is desirable because, to Marín, Europe is not ready yet to face this debate, as there is still no de-facto solidarity among Europeans, and the Euro is not ideologically neutral. He also recalled that the European Union project cannot lose sight of the elements of national sovereignty, and highlighted that the current debate is perverse because it creates false expectations that confuse citizens.

 Antonio Beteta, Deputy Minister for Public Administrations, Mario Garcés, sub-Deputy Minister for Development, Gabriel Elorriaga, Chairman of the Commission for Finance and Public Administrations at the Congress, and Ángel de la Fuente, member of the Council for Scientific Research (CSIC) and of the Institute for Economic Analysis (IAE), also participated in the sessions, among others.