FISCAL POLICY AND ECONOMIC INTEGRATION IN THE EUROPEAN UNION: AN ANALYTICAL REVIEW

Abstract

Fiscal policy within the European Union (EU) has played a crucial role in shaping economic integration and managing economic fluctuations among member states. This paper examines the impact of EU fiscal policy on economic stability, growth, and integration. Through a comprehensive review of literature and policy analysis, the study highlights both the successes and challenges of the EU's fiscal policy framework. The paper concludes with a discussion on the need for further research to address emerging economic issues and refine fiscal policy to better support economic cohesion and stability across the Union.