EURO – STABILIZATIONAL PROMISE

Autor smatra da je uvođenjem eura nastao drugi po veličini gospodarski prostor u svijetu. Ipak, ovaj gospodarski prostor nije bez problema. Autor predviđa da će, primjerice, tečaj eura porasti tek kad se poboljšaju uvjeti za ulaganje u zoni eura. Sve vlade u EU moraju raditi na strukturnim reformama tržišta rada i socijalne politike. U tom pogledu moguć je napredak kad euro postane međunarodno sredstvo plaćanja u rangu dolara. Kako bi se to ostvarilo, potrebno je stvoriti političku uniju u Europi, jer je za uspješnu valutu potrebna politička snaga.According to the author, the introduction of the euro has created the second largest economic space in the world. However, this economic space is not without its quandaries. For example, the author predicts that the exchange rate for the euro is going to increase only after the conditions for investments within the euro space have improved. All the EU governments must work on structural reforms of the labour market and the social policy. This will be facilitated once the euro has become an international currency equal to the dollar. For this to occur, a political union in Europe must be created since a successful currency needs political clout as a back-up