Round Table Conference on Macroeconomics, Business Environment and Finance

Assoc. Prof. Petar Chobanov, lecturer at the Finance Department, former Minister of Finance, Scientific Secretary of the Institute of Economics and Politics, paid attention to a number of problems facing economic development. The euro area is a very noble idea for reaching a single market, to unite the different market segments and to create higher efficiency. Before the Global Crisis til 2008, we really thought about the Eurozone as a good project worth to involve when we get ready. Until then there was a clearer idea of European Central Bank strategy and policy, its objectives, its attention on mainly monetary factors and trials to influence them. The criterion of inflation still had a meaning.