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European Economic and Monetary Union

The road to the European Economic and Monetary Union. The Delors plan. The convergence criteria. Monetary policy in the European EMU: price stability and inflation targeting, the ECB and the Eurosystem, the economic and financial structure of the Eurozone, the conduct of monetary policy since 1999. Fiscal policy coordination: Stability and Growth Pact (SGP), Excessive Deficit Procedure (EDP), Macroeconomic Imbalance Procedure (MIP), European semester. The Eurozone crisis and plans for a genuine economic and monetary union.