. "2"^^ . "Lacina, Lubor" . "4"^^ . . "RIV/62156489:43110/11:00179380!RIV12-MSM-43110___" . "The European response to sudden changes in 1990's was, on the one hand, to broaden (by expanding the EU territorially to encompass the countries in Eastern Europe) and to deepen (via a monetary union, policy coordination proposed by the stability and growth pact and continuing single market initiatives) the integration processes initiated in 1950's.However, these policies created new economic policy challenges as well. The expansion of EU membership from 12 countries in 1990 to 27 countries today raised issues of governance, inequalities in the levels of economic and social development, productivity and real convergence processes. The enlarged EU became more diverse economically, culturally and socially and to a degree politically. Deepening processes -- especially the monetary unification -- appeared to be successful in its first decade of existence. However, the financial crisis revealed also potential weaknesses of the monetary union. There is a danger that the financial crisis will slow down the dynamics of the European integration process, both including its former trend to deepen and expand, and that it will strengthen the inward-looking policies of the European Union." . "199875" . . "Fiscal stabilization and monetary union: heritage of the past and future challenges."@en . "45"^^ . "2011-11-24+01:00"^^ . . "2011-11-25+01:00"^^ . . . "Fidrmuc, Jarko" . "43110" . "eurozone crisis; monetary union; fiscal stabilzation"@en . . "Rozmahel, Petr" . "25"^^ . "Z(MSM6215648904)" . "[2DBA2143513A]" . "RIV/62156489:43110/11:00179380" . "Fiscal stabilization and monetary union: heritage of the past and future challenges."@en . "Brno" . . . . . . . . "Fiscal stabilization and monetary union: heritage of the past and future challenges." . . "Fiscal stabilization and monetary union: heritage of the past and future challenges." . . . "The European response to sudden changes in 1990's was, on the one hand, to broaden (by expanding the EU territorially to encompass the countries in Eastern Europe) and to deepen (via a monetary union, policy coordination proposed by the stability and growth pact and continuing single market initiatives) the integration processes initiated in 1950's.However, these policies created new economic policy challenges as well. The expansion of EU membership from 12 countries in 1990 to 27 countries today raised issues of governance, inequalities in the levels of economic and social development, productivity and real convergence processes. The enlarged EU became more diverse economically, culturally and socially and to a degree politically. Deepening processes -- especially the monetary unification -- appeared to be successful in its first decade of existence. However, the financial crisis revealed also potential weaknesses of the monetary union. There is a danger that the financial crisis will slow down the dynamics of the European integration process, both including its former trend to deepen and expand, and that it will strengthen the inward-looking policies of the European Union."@en . "Rusek, Antonin" . . .