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By Monica Raileanu-Szeles

New views and analyses of key eu rules via their earlier successes and screw ups, current demanding situations resembling the worldwide monetary predicament and destiny advancements. This publication captures a serious turning aspect within the functioning of eu guidelines and highlights the need of quickly alterations for severe new international advancements.

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Either more or less integration is required to go further. The achievement of all steps towards the completion of economic integration could be very demanding for the member states, but this will guarantee the euro stability in the long term. A multi-speed Europe, or differentiated integration, is a more convenient solution considering the current Monica R˘ aileanu Szeles 29 stage of the nominal and real convergence within the EU, but could fail in the long run because a lack of EU consensus could allow the “pioneer group” of the EU to initiate new EU policy areas, according to their own interests.

Four objectives were formulated in the Nice Treaty as common targets for implementing a social inclusion strategy: • to facilitate participation in employment and access by all to resources, rights, goods and services; • to prevent the risk of exclusion; • to help the most vulnerable; • to mobilize all relevant bodies. The European Social Agenda was adopted at the European Council held at Nice (2001). The triangle of mutually reinforced policies – employment, social protection and economic and budgetary policy – became an essential point on the European Social Agenda.

Beside EU VAT and the financial transaction tax, seigniorage could become new EU revenue, as it represents the monetary income of the Eurosystem (Leen, 2011). In any case, the national central banks, as well as the ECB, are currently against this proposal. Often mentioned in the literature, the advantages of joining the euro area mainly consist of the elimination of exchange rates between the participating countries, which enhances international trade, competition and investment, the credibility of the monetary policy conducted by the ECB and the progress made in the 26 European Monetary Policy and Euro Drift European integration process, which could further lead to political integration.

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