STAGES SET FOR A FULL AND PROFOUND ECONOMIC AND MONETARY UNION

Lucian-Ion Medar and Irina-Elena Chirtoc
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Lucian-Ion Medar: CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU, ROMANIA
Irina-Elena Chirtoc: CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU, ROMANIA

Annals - Economy Series, 2015, vol. 6Special, 52-56

Abstract: From strategic documents of European governance results a series of measures that will be implemented in three stages set until 2025. This is the target that is expected the finalizations of Economic and Monetary Union. The measures established are based on economic and monetary legislation well integrated for Member States. For consolidation, EMU has a central bank, a common currency and new measures on convergence, economic growth, employment and fiscal union. The resources for strengthening economic and monetary union within the EU will certainly come also from emerging countries of Europe. Now that the world powers are trying to build a new world economic and social order, development directions and the consolidation plans of economic and monetary union of EU will be completed only with all European countries. This study not follows an exhaustive examination of all factors of consolidation of the EMU, but highlights further steps on financial stability.

Keywords: economic integration; the euro area; economic and monetary union; consolidation (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2015:v:6special:p:52-56

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