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Summary
–
lackofcrisismanagementmechanismsandpromptfi-
nancialsupportforcountrieswithinthezone,which
aresurelyfacingdestabilization;
–
lackofearly-warningsystemofmacroeconomicdistur-
bancesexante(notonlyexpost);
–
inappropriatenessofinflationobjectiveandthelevelof
interestratesdeterminedbytheEuropeanCentralBank
intermsofeconomic-financialsituationanddevelop-
mentalneedsofvariousgroupsofcountries,poorlyde-
velopedinparticular.
Despitethereformsundertakenintheyearsof2011-2014
concerningtheeconomicmanagementsystem,theeurozone
hasnotyetbecomeastablemonetaryzoneandtheEconomic
andMonetaryunion-thefully-dimensionalandcompleted
process.Itresultsfromnumerousessentialprerequisitesasfor
Europeanunioninstitutionsanditsmemberstatesaswell.
Inordertoovercomecrisiswithintheeurozoneandto
continuedevelopmentoftheEconomicandMonetaryunion,
itisnecessaryto:
–
secureefectivesupervisionoverfinancialmarkets;
–
determinerulesandpaceofachievinguniformorsimi-
larstageofnationaleconomies’openness,whichis
avitalconditionofcompletelyfreeflowandoptimalal-
locationofmanufacturingfactors;
–
withholdingandreversingtheprocessofdiferentiat-
inglevelsofeconomicdevelopmentofmemberstates
-convergenceversusdivergence;
–
undertakingmoreefcientactivitiesasforsynchroni-
sationofbusiness(trade)cyclesofmemberstatessoas
tostabilizethewholezone,bringinglevelsofeconomic
developmentofmemberstatescloser,andimproving
theircompetitiveness;