WPŁYW OSŁABIENIA FINANSÓW PUBLICZNYCH NA GOSPODARKĘ NA PRZYKŁADZIE WYBRANYCH KRAJÓW UNII EUROPEJSKIEJ
INFLUENCE OF WEAKENING THE PUBLIC FINANCE ON THE MARKET ON THE EXAMPLE OF SELECTED COUNTRIES OF THE EUROPEAN UNION

Summary/Abstract: In the article the assessment of the state of the public finance sector in selected countries of the European Union is made and its impact on the market is presented. According to the authors, there is the feedback between the market and the public sector – particularly strong and visible in the recessionary period. On one hand, the market weakness negatively affects the position of the budget, on the other hand the debt crisis of the public finance sector is hindering the effective reaction in the period of bussines recession. Moreover, both the theory of trade cycles and analysis of current macroeconomic indicators show that the indiscipline of the public finance can result in the near future in an deep economic crisis.

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