Acta Universitatis Danubius. Œconomica, Vol 3, No 1 (2007)

Abstract

The success of the EU is based on the convergence of the monetary policies of the Member States, and a genuine Single Market includes the monetary union. The monetary integration represents a factor of the economic cohesion and of the solidarity among the Member States. In order to have a united Europe, this is an advantage in the relationships with other states of the world. The major objectives of the monetary union are: a) The finalization of the Single Market through the elimination of uncertainty and of the inherent costs of the exchange system, but also of the costs for the protection against the risks of the currency fluctuations, and through the insurance of the total comparability of costs and prices inside the EU. The Single Market will stimulate the intra-communitarian trade by helping the citizens and by supporting the business environment; b) Economic growth; c) Europe’s monetary stability and the increase of its financial power.