Debt Crisis in the Eurozone Against Legal Systems Proposed by Pierre Werner in 1970





The debt crisis in the European Union has shown that the mistakes made during the creation of Economic and Monetary Union have contributed to the emergence of a crisis and have made it more difficult to help the states that are affected by it. The article compares the shape of the Economic and Monetary Union with the concept of monetary integration presented in 1970 by Pierre Werner, which assumed coordination at the level of the European Union fiscal and monetary policy. The text attempts to answer the question whether the application of solutions adopted by Pierre Werner would help avoid a debt crisis in the European Union.Key words: Economic Partnership Agreement, ECOWAS, European Union, primary commodities, product diversification.