Reform of the Content and Regulative Framework for the Economic Governance of the European Union Cover Image

Реформа садржаја и регулативних оквира управљања привредама Европске уније
Reform of the Content and Regulative Framework for the Economic Governance of the European Union

Author(s): Oskar Kovač
Subject(s): Economic policy, EU-Accession / EU-DEvelopment, Fiscal Politics / Budgeting, EU-Legislation
Published by: Институт за политичке студије
Keywords: European economic and monetary union; system of economic management of EU and EMU; financial and fiscal system; monetary system and politics; fiscal union; bank union;

Summary/Abstract: European economic and monetary union is in one of the most important and most complex reforms of its architecture, and also reforms of management of the totality of its economies. These changes would have to be reached, even if there was no financial and economic crisis. Current reforms in the EU are necessary so that its markets and its production factors could function and by that increase productivity of its production. Apart from this principal problem, in this paper is analysed in details elements of current and future mechanism of economic management in EU and European Monetary Union, and then detail discusses good and bad sides of financial, and also including fiscal, system of EU and EMU. After that monetary system and politics are detaily analized. In these areas are prepared fundamental reforms after which EU and EMU will get stronger. In essence, the knowledge and experience for that purpose exists in the EU, and there is no reason why the Union, as developed area with 500 million people and more than six decades mirnodobskog coexistence, with still good educational system and integrated in all aspects of the world economy, would not to strengthen its effectiveness and its corresponding position very significant part of a multi-polar world.

  • Issue Year: 2012
  • Issue No: 3
  • Page Range: 11-40
  • Page Count: 30
  • Language: Serbian