Prof. Gancho Ganchev
The global financial crisis revealed the macroeconomic vulnerability of the EU. Without radical change in the way the macroeconomic policies are conceptualized, implemented and coordinated, Europe will continue to lag behind the USA and the Asian countries.
The biggest EU achievement in the field of the macroeconomic coordination and regulation is the introduction of the euro. The expectations were that the elimination of the exchange rate fluctuations and the implementation of common monetary policy will accelerate growth and facilitate economic… Skaityti daugiau