GENESIS OF THE EUROPEAN MONETARY UNION
GENESIS OF THE EUROPEAN MONETARY UNION

Summary/Abstract: In order to carry out the activities of the European communities, and therefore to achieve the objectives provided by the treaties, they have needed determined financial resources since their establishment. The situation is currently valid within the European Union. These resources must cover the expenses necessary from an administrative point of view, identifying the funds necessary for the functioning of community institutions and bodies, especially the funds necessary to support the so-called operational expenses, which correspond to the realization of the policies provided by the treaties (Lefter, 2003, p. 237).

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