That forced the government to cut non-military expenditures, while the central bank started its policy of monetary stabilization. Following convincing military successes, economic reforms helped Croatia restore private consumption, stabilize its markets, and win the war economically (Schönfelder 2005). 5. Macroeconomic policies in wartime This is why it is very important to properly shape macroeconomic policies in wartime.
1.1  The Schuman Declaration – almost 65 years later  Almost 65 years ago – more precisely, on 9 May 1950 – then French Foreign Minister Robert Schuman put forward a proposal which became known as the Schuman Declaration. It proposed creating a European Coal and Steel Community, whose members would pool their production of coal and steel.