Current Policy Of Economic

• Measuring goals: statistics and national economies

Each member of the European Union i is a member of the Economic and Monetary Union (EMU). This aims to enable an optimal integration of national economies, so that economic growth and prosperity encouraged. The countries of the European Union coordinate their economic policies in mutual consultations. In sixteen member states of the European Union introduced the euro

• Advanced Economic Integration: Euro policy

The euro is legal tender in sixteen member states of the European Union i. The other States are required to eventually introduce the euro. They must then meet certain conditions. Countries where the euro is paid with the policy regarding their currency as the currency was transferred to a European financial institution. That institution is the European Central Bank (ECB).

• Prevention of budget deficits: Stability and Growth Pact

The Stability and Growth Pact speaking member countries of the European Union i agreed that their budgets in balance or in surplus. This means that governments do not spend more than they receive. That goal does not immediately be reached, but they should be working towards. The appointments were made in 1997. Requirements are:

• The budget deficit must not exceed 3 percent of GDP
• The debt must not exceed 60 percent of GDP

If the Council of the European Union notes that one has not fulfilled its commitments, it will against that country say that it must adjust its income and expenditure. If necessary, the Council may even impose fines. The European Union in the course of its existence one of the largest trading blocs in the world. Of all world trade, 20% EU committed. Furthermore, the euro has become a strong international currency.

The EU is in contact with many countries and financial institutions. By that way she tries to keep grip on the process of economic integration. Ultimate goal is greater prosperity and stability in the EU and, where possible, in the rest of the world.