Koordynacja polityk fiskalnych w Unii Europejskiej
Coordination of fiscal policies in the European Union

Summary/Abstract: The aim of the paper is to present the legal solutions and their effectiveness with respect to the co-ordination of fiscal policies within the European Union. The starting point for the analysis is the justification of the co-ordination of fiscal policies in the European Union. The further sections of the article discuss the basis resulting from the “preventive” and “reparatory” provisions of the Treaty on the Functioning of the European Union (TFEU). These regulations have been analysed in terms of their efficiency with respect to the reference values specified in Protocol 12 of the TFEU. The analysis was based on the excession of reference values and dispersion in all Member States. The presented conclusions demonstrate that the existing solutions are ineffective. The paper also presents and evaluates the scenarios of the reform of fiscal policy co-ordination in the EU that are possible in the opinion of the EC.

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