The article discusses the challenges faced by the European Monetary Integration due to the recent Global Crisis. It explores the benefits and drawbacks of being a member of the European Monetary Union (EMU), where countries give up control over their exchange rates and monetary policies. The main goal is to analyze the economic and political aspects of EMU membership. The key findings suggest that joining the EMU involves a trade-off between losing flexibility in managing shocks and gaining stability through fixed exchange rates and a central bank like the European Central Bank (ECB).