Oditor, Vol. III, No. 03/2017

UNCERTAIN AND COMPLETION OF THE EUROPEAN MONETARY UNION (EMU)
Anđelka Aničić[3], Milica Simić[4]

Date received: 21.10.2017
Date accepted: 19.11.2017

UDK:339.738:061.1(4)
JEL: F33

Abstract

No matter what has been done to strengthen the Economic and Monetary Union (EMU), it still remains incomplete, and this is one of the main reasons for the insufficient economic performance of the eurozone in recent years. There are still different views on how to bridge this gap, but there are also political and economic proposals and ideas for completing the EMU. The paper discusses the ideas presented in the new European Commission (EC) document in order to re-launch the debate on how to move forward, but with a focus on one hand to bridge the differences between Member States that emphasize responsibility and risk reduction, and on the other hand, member states that demand solidarity and risk sharing.

Key words: European union, monetary union, euro.

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[3]Docent, Anđelka Aničić Ph.D., Associate Professor, Alfa BK University, Palmira Toljatija street no. 3, Belgrade, Serbia, Phone: +381 64 1341316, E-mail: anicican@gmail.com
[4]Milica Simić M.A., Assistant, Alfa BK University, Palmira Toljatija street no. 3, Belgrade, Serbia, Phone: +381 64 420 68 86, E-mail: milica.simic@alfa.edu.rs