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Euro Ve Kriz Sonrası Dönemde Parsal İstikrar (The Euro and the Monetary Stability in the Post-Crisis Period)

The final stage of the unification process of European Union is monetary union. From July 1, 2002, The currency called the Euro has replaced the national currencies. This situation has caused concern from the very beginning. Unless achieving harmonization on application of monetary and fiscal policies, there might be problems on economic activities. Euro which has emerged as a reserve currency, has faced internal and external weaknesses. The first one is not providing the conditions laid down for monetary union by the countries that are included in the euro area in the European Unions enlargement process. Debts of the member countries have increased over time and they began to experience fiscal problems. All these problems become more apparent after the global crisis.