Poland’s Entry into the Eurozone vs. the Polish Economy’s Modernisation Needs Cover Image

Wejście Polski do strefy euro wobec potrzeb modernizacyjnych polskiej gospodarki
Poland’s Entry into the Eurozone vs. the Polish Economy’s Modernisation Needs

Author(s): Paweł Tokarski
Subject(s): Politics / Political Sciences
Published by: Polski Instytut Spraw Międzynarodowych

Summary/Abstract: The sovereign debt crisis considerably changed the cost and benefit analysis of the eurozone membership. Due to the unpredictable development of the crisis and its dependence on political and social factors, it is difficult to show the clear picture. From the economic perspective, premature membership in the euro area, without necessary structural adjustments and achieving a proper level of economic convergence, creates a risk for an acceding country. Political gains from the membership, namely full participation in the decision-making process concerning the institutional reforms of the Economic and Monetary Union, can be easily lost if the country finds itself in economic difficulties. Therefore, the Poland’s euro area membership should not be considered as a short-term political goal, but rather as a long term process of structural economic reforms.

  • Issue Year: 2013
  • Issue No: 2
  • Page Range: 23-38
  • Page Count: 16
  • Language: Polish