Grecki kryzys jako skutek kompleksowych defektów strefy euro i pakietów oszczędnościowych
Greek Crisis as a Result of a Comprehensive Defects of Euro Zone and Austerity Policy

Summary/Abstract: Global economic crisis of 2008 revealed system defects of euro zone. Common currency became a burden for a poor countries who adopted it. Without monetary policy trade balance of countries like Greece, Spain or Portugal became fragile resulting in aggravation of public debt and weakening of economy when other countries, like Germany, benefited from this unexceptionally well. Austerity policy adopted by European Union aimed for resolving the debt crisis. In reality it only deepened it evenmore and there’s no sign of changing the course of measures taken. Therefore,the aim of the article is to describe the mechanisms and defects ofeuro zone and austerity policy that caused and intensified crisis in Greeceand to briefly present possible solutions to it.

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