Maastricht criteria are well known to be arbitrarily designed. To top it all off, times and again they’ve been only briefly fulfilled and –worse even- often manipulated with. Among them, fiscal criteria and overall Stability and Growth Pact are perhaps the most controversial of all, as...

The adequate monetary and fiscal policies are of great importance for the effects mitigation of the global financial crisis. The reduction of interest rates and fiscal stimulus should prevent further deteriorations in the money and capital markets as well as in the economy. Decreases in key...

Since its creation in 1957, the European Union (EU) has 27 member states today. The process of the enlargement of the EU is not finished yet, and the EU opens its doors to the other countries, mainly Western Balkan countries – so Serbia is the part. We present here the actual situation of the...

It is clear that globalization and internationalization are the processes that have not emerged today, but what is emphasized in this paper is the impact that these processes have on the social, technological, political and economic rebuilding of the modern world order. The paper elaborates on...