EURÓPSKA MENOVÁ ÚNIA PO PIATICH ROKOCH
European Montary Union after five years
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This article analyses the results of the Economic and Monetary Union achieved through the first five years of its existence and concludes, that the actual balance of euro is not definitive. On the one side, there is the growing international role of euro, which has become the first real competitor of dollar. On the other side, there is the slow growth of the economic performance of Euro zone, which has become the most backward region of the world economy.
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