Fiscal conservatism the rise of the socialist Co-operative Commonwealth Federation (CCF) pushed the Liberal Party to create and expand the welfare state before and after World War II. Fiscal conservatism in Canada is generally referred to as Blue Toryism when it is present within the Conservative Party of Canada. In Alberta, fiscal conservatism is represented by the United Conservative Party. In Ontario, fiscal conservatism is represented by the Progressive Conservative Party of Ontario. Fiscal conservatism Fiscal conservatism (also economic conservatism or conservative economics) is a political-economic philosophy regarding fiscal policy and fiscal responsibility advocating low taxes, reduced government spending and minimal government
Fiscal union European economic governance as "an economic constitution made by rules, policies and institutional practices aimed to establish the a fiscal-monetary policy mix, competition rules, financial markets regulations, the single market and international trade policies. When the euro was created, monetary policy was established as a centralized policy, while fiscal policy remained in the hands of national authorities under some institutional arrangements for sound budgetary policy and an ex-ante control by the European Commission." Control over fiscal policy is considered central to national sovereignty, and in the world today there is no substantial fiscal union between independent nations. However the EU