Стратегическата автономия на ЕС и еврото
The EU Strategic Autonomy and the Euro

Author(s): Kaloyan Simeonov, Slaveya Vasileva
Subject(s): Economy, Supranational / Global Economy, Public Finances
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Euro; Strategic Autonomy; Economic and Monetary Union; Euro Accession
Summary/Abstract: The strategic autonomy is a relatively new concept of the EU. It first appeared in the field of EU foreign policy, security and defence. But now it already covers other areas, including economics, finance, technology, etc. The Communication of the European Commission of January 2021 also developed the ideas on how strategic autonomy should contribute to the development of the European economic and financial system, incl. by strengthening the international role of the euro and the infrastructure of EU financial markets. On the other hand, the concept of completing the Economic and Monetary Union is already about ten years old. Following the economic and financial crisis of 2007-2009, the EU institutions have been united around the idea that the euro area should be further developed by building a complete economic, fiscal and financial union of the EU. The aim is to complete these goals by 2025. The two EU concepts of strategic autonomy and the completion of the Economic and Monetary Union have the same objectives. If two paths (EU concepts) lead to the same destination, including the strengthening of the international role of the euro, would this make the travel more secure and successful? What is the significance of the synergy of these two EU concepts for Bulgaria and for its aspiration to join the euro area? This report will try to answer these two questions.

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