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Stages Set For A Full And Profound Economic And Monetary Union

Author

Listed:
  • LUCIAN-ION MEDAR

    (CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU, ROMANIA)

  • IRINA-ELENA CHIRTOC

    (CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU, ROMANIA)

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.

Suggested Citation

  • Lucian-Ion Medar & Irina-Elena Chirtoc, 2015. "Stages Set For A Full And Profound Economic And Monetary Union," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 52-56, December.
    • Handle: RePEc:cbu:jrnlec:y:2015:v:6special:p:52-56
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