The Current Challenges of the Euro Area - Is the "Euro Crisis" Over?
|Type||Article in Periodical|
|Magazine / Source||??????? ?????????? ????????????, Vestnik Moskovskogo universiteta|
|MU Faculty or unit|
|Keywords||Euro; euro crisis; Eurosystem; European central bank; monetary policy; quantitative easing; judicial review; Court of Justice of the EU; Treaty on Functioning of the EU; financial assistance funds; European Monetary Fund|
|Description||The last ten years have been filled by numerous extraordinary economic measures at the EU level. The ECB or the whole Eurosystem has been using unconventional monetary policy tools and the European commission aimed at setting up a workable system of financial assistance mechanism (funds). The goal of this paper was to provide a brief over of some of the important measures that were taken in the EU as for the monetary policy of the Eurosystem and the financial assistance mechanisms of the last decade. This overview is accompanied with a brief summarisation of some of the steps that are very likely to take place in 2019 at the EU level both on the monetary and fiscal areas.|