Publication at Faculty of Mathematics and Physics, Faculty of Law |
2014
Abstract
The article discusses the European fiscal and monetary union. The economic part is built upon centralized structure of the EU as a "community of states", the monetary union is based upon the delegation of monetary powers from individual states - the central banks - to the Union level.
Serious crisis of functioning of such model brought up the Treaty on stability, coordination and governance in the economic and monetraý union.