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2012 | 273 |

Article title

Kryzys strefy euro a dychotomia jej mechanizmów systemowych – próba oceny

Authors

Content

Title variants

PL
The crisis of the euro zone and the dichotomy of its systemic mechanisms – an assessment attempt

Languages of publication

Abstracts

EN
The global financial crisis and the internal situation faced by the euro zone, revealed shortcomings in the integration of the markets within the European Union. Therefore, the reconstruction of all the systemic mechanisms must take place.. They cause on this days for the individual Member States, the asymmetric consequences of costs and benefits of existence of the Union. All the necessary reforms on changes in the institutional system of the euro zone should be focused within the following areas: • the legal framework of the Euro zone • levelling of trade integration and trade imbalances between countries • consumption of credit in the private sector • fiscal discipline • the competitiveness of countries within the euro zone • the reliability of statistical data • crisis management mechanism and procedures in this area It is difficult to assess today to what extent these changes will be effective and efficient, and what will be the future shape of the various mechanisms of the target system – but one thing is certain, that the reconstruction of these mechanisms should absolutely minimize systemic risk, in the way, that the full mechanism was used for the Unified Market. The future of economic and financial stability in Europe, however, depends mainly on the partial activities of the individual national economies and their resignation from the special interests (this is currently the most significant factor in disintegrating economic and financial system of the European Union). All the activities of the European Union in the area of stabilization of system mechanisms should be closely correlated with the reforms in this field carried out in the world, and the regional group should actively participate in the construction of a new system architecture.

Keywords

Year

Volume

273

Physical description

Dates

published
2012

References

Document Type

Publication order reference

Identifiers

URI
http://hdl.handle.net/11089/2120

YADDA identifier

bwmeta1.element.hdl_11089_2120
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