The rejection of federalism has weakened the monetary union even further.
Because we cannot bring ourselves to admit that monetary union was a mistake.
More than a decade has passed since the start of monetary union.
This is being done as a result of the failure of monetary union.
Some degree of heterogeneity is normal in a monetary union.
It is true that we do not have just a monetary union.
A monetary union needs generous transfers to correct imbalances.
O uniune monetară are nevoie de transferuri de anvergură pentru a corecta dezechilibrele.
We cannot keep patching up a sickly monetary union.
Nu putem continua să peticim o uniune monetară bolnavă.
An enlarged monetary union requires, in fact, greater internal cohesion.
O uniune monetară extinsă necesită, de fapt, o mai mare coeziune internă.
It is a solemn statement that we are going to take the economic aspects of our monetary union further.
El este o afirmare solemnă a evoluției uniunii monetare către aprofundarea aspectelor economice.
Not just the internal market or monetary union, but also economic union.
Nu doar piaţa internă sau uniunea monetară, dar şi uniunea economică.
The construction of monetary union and a single currency is very much a case in point.
Este vorba despre construcția uniunii monetare și a monedei unice.
Furthermore, in the context of monetary union such thresholds should be established in euro.
Mai mult, în contextul uniunii monetare, respectivele praguri trebuie fixate în euro.