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  1. 1 Yearbook of Polish European Studies

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  1. 1 Nowak A. Z.

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  1. 1 2011

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END OF THE EUROZONE? AN ECONOMIST’S PERSPECTIVE

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Nowak A. Z.
Yearbook of Polish European Studies
|
2011
|
vol. 14
11-26
EN
The current fiscal problems confronting the European Union have created a precarious situation, affecting not only the Europeans but all the key players in the global economy. Everyone – from scholars and leading figures in the business circles to people in the street – is asking the same question: are the politicians who are making the decisions about the future of European integration going to cope successfully with challenges facing the Eurozone, and by extension the European Union and wider? If so, when and how? The continuing financial and fiscal crisis, in particular coupled with the economic and social crisis which is becoming more and more manifest worldwide, including in some of the EU Member States, makes these questions ever more urgent and raises several new doubts. This article sketches the present concerns, examines the instability in the Eurozone, and analyses possible scenarios for the future.
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