The Current Problems of the Eurozone and the Future Transformation of the European Union
The Current Problems of the Eurozone and the Future Transformation of the European Union

Author(s): Oldřich Rejnuš
Subject(s): Business Economy / Management, Economic policy, EU-Accession / EU-DEvelopment, Fiscal Politics / Budgeting
Published by: Masarykova univerzita nakladatelství
Keywords: European Union; Eurozone; fiscal and monetary regulation; central banks;
Summary/Abstract: The paper deals with the problems of contemporary management of the European Union, with focus on economic development of countries, associated in the European Economic and Monetary Union, using common currency. Its goal is to evaluate the ways of fiscal management of the European Union and monetary regulation, carried out by the European Central Bank, with focus on their efficiency and achievements. As there are, apart from economic problems, a number of other problem zones, directly or indirectly connected with analyzed economic problems, they are briefly specified in the paper, too. In conclusion, the influence of current way of management of the European Union on the development of individual states, with special focus on European Economic and Monetary Union states, so called “Eurozone” is evaluated. We are not going to evaluate only economic situation of individual countries; we want to assess a number of other factors, interconnected with economic development and significantly influencing compactness of European Union countries.

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