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European Union of Nuts

In 2013 I wrote a paper called European Union of Nuts.

European Union of Nuts
źródło: Internet

In 2013 I wrote a paper called European Union of Nuts. I showed that the current EU governance model is wrong, may lead to the EU collapse, to raise of nationalisms and even a war between European countries in the future cannot be ruled out. While the paper was ranked among the top ones by number of downloads on SSRN research network at that time, it has not attracted a wider discussion in political circles.

However, now it is clear to everyone that the present EU governance model is bankrupt, and without major reform EU will not survive. At the same time the wish of Scotland and North Ireland to remain in the EU calls for a completely new model of EU governance.

My brief concept paper proposed a far-reaching institutional reform of the European Union. All EU regions in NUTS1 classification should have local presidential and parliamentary elections. All elected presidents will form the new EU Council with 97 members. This will be the new EU parliament. Then Council members will elect among themselves the EU Executive Board, which will be the EU government. The existing EU bodies: the Commission, Council, Presidency and Parliament will cease to exist. The new EU Council and the EU Executive Board will have a wide range of competences to design and implement EU-wide policies.

I we do not reform the institutional setup of the EU, the once very powerful economic giant will turn in the European Union of nuts, who destroyed their own future.

Kategoria: Gospodarka
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Krzysztof Rybiński

Economy of the XXI century -

Professor Krzysztof Rybinski holds MA in computer sciences, and Ph.D. in economics. He has an extensive professional background. He worked as software engineer in Tokyo, director of the Soros Foundation programs in CEE, a consultant to the World Bank. He was chief economist and managing director at commercial banks. In 2004, he was appointed the Deputy Governor of the National Bank of Poland by the President of Poland and performed this function for four years until 2008. He was in charge of research, foreign exchange reserves management, payment systems, cash circulation management, monetary statistics and international relations. Under his supervision National Bank of Poland changed its investment strategy which resulted in additional one billion dollars profit for Poland. In 2004-2005, he was member of the EU Economic and Financial Committee, and in 2007-2008 a member of the Polish Financial Services Authority. In 2007-2008 he served as a World Bank alternate governor for Poland. He was also member of the supervisory boards of several financial sector companies (2008-2009) and Partner in Ernst & Young Poland (2008-2010). Since 2010, he has been Professor and President of Vistula University in Warsaw, which offers education to students from more than 30 countries. In 2012 he launched the investment fund called EUROGEDDON, its investment strategy assumes deepening financial crisis in the Eurozone. The fund launch was covered by Financial Times and CNN International.

Krzysztof Rybinski was economic advisor to several Polish governments. In the last few years he was a coauthor of country higher education strategy, e-government strategy and intellectual capital strategy.

Krzysztof Rybinski is author of numerous refereed papers in economics and (co) author of several books. In March 2012 ranking he was ranked the fourth best Polish economist by number of scientific citations. In October 2012 he received the business award of most respected Polish economist. He has also contributed hundreds of articles on economics and financial markets to Polish newspapers. He published in The Wall Street Journal, Financial Times and The Economist. He was the first senior central banker in the world to have started a popular and often quoted by media economic blog already in 2006.

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