FISCAL INTEGRATION IN EUROPEAN UNION

Original scientific paper
Autor: Prof. dr Dragana Gnjatović
JEL: E62, F36, H77, H87

Summary: The paper deals with the process of fiscal integration taking place in the European Union. It is based on the hypothesis that fiscal integration in the EU is principally in the function of monetary integration and the preservation of stability of the single European currency. The objective of this paper is to analyze the relevant EU regulations in order to explain the genesis of the strengthened supranational fiscal sovereignty over the EU member states, especially during the global financial and economic crisis. It underlines the fact that, in the current stage, the comprehensive reform of the EU fiscal governance is primarily directed at the Eurozone countries.

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