A Critical Analysis Regarding the Euro Area Governance

Adina Criste and Iulia Lupu

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 170-174

Abstract: The history of the European monetary integration process reveals the fragile foundation for constructing such a union in terms of economic and political vulnerabilities, which have accumulated over time. In this paper, we mention some of the problems concerning the governance in the euro area, based on the principles underlying its performance, to highlight the risks that enhance the split euro area. Reconsidering the European integration as a political project, with huge responsibilities arising from this, represent a solution to maintain the euro area on a sustainable path, at least in the medium term.

Keywords: Eurozone; governance; single monetary policy; budgetary deficit; public debt. (search for similar items in EconPapers)
JEL-codes: E61 F36 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:12:p:170-174

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