Theoretical and Applied Economics (Sep 2021)
Two vital reference elements in the evolution of the current model of European integration – The Maastricht Treaty and the implementation of the single currency – Euro
Abstract
Economic integration involves a double process, as it highlights the whole cause and effect and thus involves the removal of a large number of obstacles to the free movement of goods and services, contributing to the strengthening of economic ties between the states participating in this process. In the context of the Maastricht Treaty, the introduction, implementation and development of the single European currency has a huge relevance and capacity to create fundamental consequences on the economic-financial level and implicitly on the socio-political level. This article aims to highlight the viability and sustainability of the European Union as a form of interstate organization and functioning.
