Analysis of public finances in Poland and the EU during the financial/economic crisis in 2008-2010 Cover Image

Analysis of public finances in Poland and the EU during the financial/economic crisis in 2008-2010
Analysis of public finances in Poland and the EU during the financial/economic crisis in 2008-2010

Author(s): Rafał Nagaj
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: financial crisis; budget deficit; public debt; public finances

Summary/Abstract: The main problem facing the European Union today is the problem of public debt in the euro area. This problem has been intensified after the financial and economic crisis that took place in 2008-2010. Financial markets are now burdened with a high degree of uncertainty and there is lack of ideas of how to address the problem. Public finances in many EU countries were in poor condition even before the crisis of 2008-2010.To find a solution there must be the assessment to what extent this crisis intensified those problems. Meanwhile, Poland is considered a country which has relatively avoided the negative consequences of the financial crisis. The aim of article is to answer the question to what extent the economic crisis in 2008-2010 affected the state of public finances in the EU and what effect it had on the public finances in Poland.

  • Issue Year: 2012
  • Issue No: 271
  • Page Range: 60-70
  • Page Count: 11
  • Language: English