Development of Regulation and Decision-Making in the European Union

The aim of this article is to show a significant system distortion limiting the functioning of the European Union. They are resulted from the different forms of the integration process, especially in relation to the most recent stage - formation and the existence of the Economic and monetary union (EMU). EMU should be the highest level of integration process but in the fact it limits economic growth of the EU and also influences, as shown by significant current difficulties of some euro area member states, the development of all its members and all other EU countries. The Union decisions are made mostly at institutional levels and their common aim is to protect single currency. In this article, there are used a historic method and also an assessment of time series methods. The chosen topic deepens authors their knowledge especially about the single insurance market and also represents the basis for further research. Although information about this topic are in the academic economics literature relatively well-known facts, they aren't paid enough attention. The reason may be a fear that through such treatises is undermined the prestige of integration processes and Institutions of EU. It is also necessary to initiate more open discussion on issues of EU development on academic ground.