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One of the key aspects of modern global economic development is the deepening of the systemic economic crisis in the European Economic and Monetary Union (EMU). This article examines the current characteristics and trends in the development of EMU. The relevance of the research is due to the need to study the problems and risks arising in the process of European integration at the present stage. The aim of this work is to identify, analyze and assess the current characteristics and trends of development of the European Economic and Monetary Union. The research methodology includes structuring, comparison, generalization, systemic, eco-nomic, institutional, logical, statistical analysis, as well as the use of induction, deduction and synthesis. The results of the study are analysis and assessment of the features and flaws of European economic integration and the systematization of negative trends leading to a weakening of the EMU's position in the global econo-my.

The world community's major problem in the XXI century is associated with global warming. In order to address this issue, the Paris Climate Agreement was adopted in 2015. As part of the implementation of the Paris Agreement, on December 11, 2019, the European Union (EU) adopted the European Green Deal (EGD), providing for achieving net zero greenhouse gas emissions by 2050. On July 14, 2021, the EU adopted the climate program Fit for 55 aimed at implementing the EGD. On March 8, 2022, the EU adopted an ambitious strategy to stop importing fossil fuels from Russia and transition to renewable energy sources (REPowerEU). Based on the analysis, the article concludes that the modern climate policy of the EU is a logical continuation of the implementation of the Marshall Plan to establish dominance over European countries with the aim of dein-dustrializing them and turning them into US colonies. The European Union, largely as a result of the implemen-tation of this counterproductive climate policy that is contrary to the national interests of the member states, is experiencing stagflation and is gradually losing its competitive position in the global economy. In this new reali-ty, the EU faces the challenge of revising and adjusting climate policy in the region.