The team that participates in the Jean Monnet Center of Excellence at the Department of European Studies at Sofia University “St. Kliment Ohridski” presented the results of the first of its kind expert assessment of the Rotating Presidency of the Council of the EU, carried out by Bulgaria in the first half of 2018.  [...]

Democratization through Integration?

The accession to the EU is an indisputable sign of establishing democratic governance, but the problem is that some of the Central and Eastern European countries that are already considered consolidated are showing signs of retreat. [...]

How and Why Did the Laggards Turn Out to Be the Forerunners of a Major Transformation in the EU’s Integration Strategy?

How and Why?

Conference proceedings with the reports of the Fifth International Conference of the European Studies Department, “United We Stand Strong”

The Conference proceedings “United We Stand Strong” presents the reports of the Fifth International Conference of the European Studies Department, which took place in Sofia on 31st May – 1st June 2018, organized within the framework of the Jean Monnet Centre of Excellence, with the support of Erasmus+ Programme. [...]

The Eastern Enlargement of the EU

The Eastern Enlargement of the European Union is an extraordinary European achievement. It becomes possible, due to a series of compromises among the Member States, based on their national interests. Taken in their entirety, although important on their own right, they give shape to an inconsistent enlargement policy.

Nature and History of Monetary Unions

Author: Assoc. Prof. Kaloyan Simeonov






Since the establishment of the Euro-area in the beginning of 1999, interest towards the development of monetary unions has been on the rise. The Economic and Monetary Union of the EU has been the most developed multinational union, which has unique characteristics and has become a model for regional economic and monetary integration.

In order to comprehend fully the Euro-area, it is necessary to know the nature and the history of monetary unions. Some of those unions do not exist on the map anymore, others are still functioning today, while there are plans for establishing new monetary unions in some regions of the world. The forecasts for the development of the Euro-area vary between the two extremes: from the possibility of its rapid disintegration to the probability that the latest economic and financial crisis will trigger reforms, whereby the Economic and Monetary Union will be effectively complemented by a completed economic, fiscal, financial and political union among the Member States.

The analysis on the topics, related to the Euro-area, is important also because of the fact that Bulgaria needs to prepare for adoption of the single currency. Since the onset of the debates for a two- or multi-speed Europe, and for a Union divided into core and periphery, the accelerated accession of Bulgaria to the Economic and Monetary Union becomes all the more topical and necessary.