2018 | 2(367) | 83-95
Article title

Reformy strefy euro. Niemcy wobec propozycji Francji i Komisji Europejskiej

Title variants
Reforms of the eurozone. Germany against proposals of France and the European Commission
Languages of publication
The object of the article is to present the stance of Germany on the issue of transformations within the euro area proposed by France and the European Commission in the period from the presidential election in France (which ended on May 7, 2017) to the summit of the European Commission (March 22-23, 2018). The authors analyze the reaction of the representatives of the FRG government to proposals of reforms of the euro area in the above mentioned period, with a focus on the four most frequently debated issues: creation of a separate budget of the euro area or a special budget line dedicated to the euro area as a part of the general budget of the European Union, transformation of the European Stability Mechanism into a European Monetary Fund, the completion of a banking union, and the creation of the office of a euro area finance minister or an EU economy and finance minister. A hypothesis was adopted that the government of the FRG in its reactions to those proposals upheld the postulates presented in previous years concerning the necessity of respecting budget discipline and introducing structural reforms in the countries of the euro area, at the same time expressing skepticism toward risk sharing across members of the euro area through, among others, a European deposit insurance scheme. It was also assumed that Germany pursued the adoption of solutions which would prevent the possibility of increasing divisions between member states. The source base of the study consists of official documents of the German government and the European Commission as well as public utterances of the main political actors responsible 83-95for shaping the economic and financial policy at national state level and the EU level.
Document Type
Publication order reference
YADDA identifier
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