Economic and political implications of the Poland's accession to the European Fiscal Union

Over the past three years, the governments have acted decisively on both national and international levels to avoid financial and economic crisis. This has led to large structural deficits and growing debt putting at risk the fiscal sustainability. Therefore the fiscal consolidation has become the b...

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Bibliographic Details
Published in:Rivista internazionale di scienze sociali 2013-04, Vol.120 (2), p.211-232
Main Authors: Libor, G, Galuszka, J, Galuszka, I
Format: Article
Language:English
Subjects:
Economic crisis
EU accession
European policy
European Union
Fiscal policy
Government
OECD
Recession
Risk
Sustainability
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Summary:Over the past three years, the governments have acted decisively on both national and international levels to avoid financial and economic crisis. This has led to large structural deficits and growing debt putting at risk the fiscal sustainability. Therefore the fiscal consolidation has become the basis for the current policy conducted across the OECD area. However the Polish economy managed to avoid the recession in 2009 despite the fact that it has one of the highest budget deficits. That is why an idea of the Poland's accession to the European Fiscal Union is worth analyzing.
ISSN:0035-676X