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A Critical Analysis Regarding the Euro Area Governance

Author

Listed:
  • Criste Adina

    (Financial and Monetary Research Center “Victor Slãvescu”)

  • Lupu Iulia

    (Financial and Monetary Research Center “Victor Slãvescu”)

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.

Suggested Citation

  • Criste Adina & Lupu Iulia, 2012. "A Critical Analysis Regarding the Euro Area Governance," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 170-174, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:170-174
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    Citations

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    Cited by:

    1. CĂLIN, Adrian Cantemir, 2015. "Connection Of European Economic Growth With The Dynamics Of Volatility Of Stock Market Returns," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 19(1), pages 53-66.
    2. CIUMARA, Tudor, 2016. "Political Ideology And Fiscal Policy. The Case Of Romania," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 20(2), pages 55-64.

    More about this item

    Keywords

    Eurozone; governance; single monetary policy; budgetary deficit; public debt.;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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