Legislative changes within the Economic and Monetary Union after the 2007
Legislative changes within the Economic and Monetary Union after the 2007

Summary/Abstract: The global economic crisis of 2007 revealed a number of weaknesses in the Economic and Monetary Union (EMU). The Member States, together with the European Union institutions have madean effort to save the euro area by introducing a number of reforms for the functioning of the EMU.This article focuses on the analysis of legislative changes introduced to the euro area after 2007in the fields of fiscal, economic, banking, and financial assistance. The documents constituting theEMU legislative changes package were a subject of a detailed examination. The main researchquestions were focused on the essence of weaknesses in the functioning of the EMU and the futureof the euro area.

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