The Eurozone Crises. The Case of Greece Cover Image

Kryzys strefy euro. Przypadek Grecji
The Eurozone Crises. The Case of Greece

Author(s): Janusz Bilski, Małgorzata Janicka
Subject(s): Politics / Political Sciences, Economy
Published by: Łódzkie Towarzystwo Naukowe
Keywords: crisis; Eurozone; Greece; monetary integration

Summary/Abstract: This article attempts to define the causes of the outbreak of the crisis in the euro zone, with particular emphasis on Greece. The current economic situation of this country calls into question the prospects for accession of the Eurozone countries, for example Poland. Our research shows that the causes of the crisis in Greece can be considered in two ways – as a derivative of external and internal conditions. The term external conditions we understand as the mechanisms of the Eurozone’ functioning and the term of internal conditions – functioning of the Greek economy. Analysis of these two groups indicates that the mechanism of the Eurozone’ functioning is definitely the dominant group. In our opinion the Eurozone cannot function efficiently in its current form. In view of the above, either the integration within the zone will be deepened, or concepts concerning the mechanism of the Eurozone should be reconsidered and proposed solutions which gave the Member States more economic tools, so that they could counteract the negative phenomena in the national economy.

  • Issue Year: 2015
  • Issue No: 97
  • Page Range: 199-215
  • Page Count: 17
  • Language: Polish