1. What is the role of the European Parliament? Is it a real parliament that can be compared with a national parliament?
2. Monetary cooperation: Please compare the advantages and difficulties for flexible and for fixed exchange rates.
3. Please discuss the idea and the background of the European Monetary System (EMS). Why is it so difficult to manage a parity grid?
4. What is the task of the European Central Bank (ECB). Why is it necessary that the ECB is a single issue central bank?
5. What does central bank independence mean? Which dimensions are included?
6. Please analyze and discuss the convergence criteria: Why is it so essential to maintain the standards?
7. Which instruments does the ECB have to control monetary supply in the Euro area?
8. Which countries could join the Euro area in the near future?