DYSFUNCTIONS OF THE EUROPEAN MONETARY UNION

Over time, the lack of a well-defined direction has made the project on which the entire functioning of the euro area and the European Union are based has undergone various transformations. The defaults of defining and functioning of the European Monetary Union have led to financial crises of the Eu...

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Main Authors: Tudor Mugurel Aursulesei, Liviu - George Maha
Format: Article
Language:English
Published: Research Publishing SRL 2020-05-01
Series:Junior Scientific Researcher
Subjects:
Online Access:https://www.jsrpublishing.com/userfiles/files/archive_pages/101/Article.Aursulesei_JSR_Journal_Vol_VI_No.1_2020.pdf
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author Tudor Mugurel Aursulesei
Liviu - George Maha
author_facet Tudor Mugurel Aursulesei
Liviu - George Maha
author_sort Tudor Mugurel Aursulesei
collection DOAJ
description Over time, the lack of a well-defined direction has made the project on which the entire functioning of the euro area and the European Union are based has undergone various transformations. The defaults of defining and functioning of the European Monetary Union have led to financial crises of the European single currency. The future of the European Monetary Union is uncertain at the moment. In order to avoid any new crisis in the euro area, politics should focus on synchronizing the economies of the member states and redefining the European project. The purpose of this article is to identify the dysfunctions of the Eurozone and to formulate possible solutions for a deeper European integration. To achieve this goal, we need to reach a number of objectives that help us to conclude: to analyze the malfunctions that emerged in defining the European project, to analyze the dysfunctions that led to the emergence of crises inside the euro area and to identify a possible scenario to deepen European integration. In achieving the objectives, we will use qualitative analysis methods, namely text analysis, and scientific observation.
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spelling doaj.art-27d6eae6e44e4a5dbe4e825af1c096a92022-12-22T00:26:28ZengResearch Publishing SRLJunior Scientific Researcher2458-03412020-05-01618291DYSFUNCTIONS OF THE EUROPEAN MONETARY UNIONTudor Mugurel Aursulesei0Liviu - George Maha1Alexandru Ioan Cuza University of Iasi, Doctoral School of Economics and Business Administration Iasi, RomaniaAlexandru Ioan Cuza University of Iasi, Doctoral School of Economics and Business Administration Iasi, RomaniaOver time, the lack of a well-defined direction has made the project on which the entire functioning of the euro area and the European Union are based has undergone various transformations. The defaults of defining and functioning of the European Monetary Union have led to financial crises of the European single currency. The future of the European Monetary Union is uncertain at the moment. In order to avoid any new crisis in the euro area, politics should focus on synchronizing the economies of the member states and redefining the European project. The purpose of this article is to identify the dysfunctions of the Eurozone and to formulate possible solutions for a deeper European integration. To achieve this goal, we need to reach a number of objectives that help us to conclude: to analyze the malfunctions that emerged in defining the European project, to analyze the dysfunctions that led to the emergence of crises inside the euro area and to identify a possible scenario to deepen European integration. In achieving the objectives, we will use qualitative analysis methods, namely text analysis, and scientific observation.https://www.jsrpublishing.com/userfiles/files/archive_pages/101/Article.Aursulesei_JSR_Journal_Vol_VI_No.1_2020.pdfeuropean monetary unionthe euro areaintegrationsynchronized savingsthe euro crisis
spellingShingle Tudor Mugurel Aursulesei
Liviu - George Maha
DYSFUNCTIONS OF THE EUROPEAN MONETARY UNION
Junior Scientific Researcher
european monetary union
the euro area
integration
synchronized savings
the euro crisis
title DYSFUNCTIONS OF THE EUROPEAN MONETARY UNION
title_full DYSFUNCTIONS OF THE EUROPEAN MONETARY UNION
title_fullStr DYSFUNCTIONS OF THE EUROPEAN MONETARY UNION
title_full_unstemmed DYSFUNCTIONS OF THE EUROPEAN MONETARY UNION
title_short DYSFUNCTIONS OF THE EUROPEAN MONETARY UNION
title_sort dysfunctions of the european monetary union
topic european monetary union
the euro area
integration
synchronized savings
the euro crisis
url https://www.jsrpublishing.com/userfiles/files/archive_pages/101/Article.Aursulesei_JSR_Journal_Vol_VI_No.1_2020.pdf
work_keys_str_mv AT tudormugurelaursulesei dysfunctionsoftheeuropeanmonetaryunion
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