Kryzys fiskalny a perspektywy zacieśnienia koordynacji polityki fiskalnej w Unii Europejskiej
Fiscal crisis and the prospects for reinforced fiscal policy coordination in the European Union

Summary/Abstract: During the global economic crisis public finances of the euro area member states have deteriorated dramatically posing a threat to the stability of the single-currency area. Although the EU anti-crisis financial mechanism, adopted in May 2010, stabilized markets for a couple of months, a long-term prerequisite for the survival of the common currency is creating a new institutional framework of national fiscal policy. The elements of such a framework are currently discussed. They contain a legislative package aimed at the reinforcement of economic governance in the EU (broader and enhanced surveillance of macroeconomic policies, new enforcement mechanisms) and the “pact for the euro” (supposed to change the fundamental operating rules of the eurozone by accepting the need for policy co-ordination in a number of new areas).

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