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Przegląd Europejski – European Studies Quarterly

The future of the euro area – Poland’s geo-economic perspective

2018, 2018, No. 4

Tomasz Grzegorz Grosse

0000-0002-7270-8900

Warsaw University

University of Warsaw (Warsaw, Poland)

University of Warsaw (Warsaw, Poland), Faculty of Political Science and International Studies

Uniwersytet Warszawski, Instytut Europeistyki, Zakład polityk Unii Europejskiej

Uniwersytet Warszawski; Wydział Dziennikarstwa i Nauk Politycznych; Instytut Europeistyki

DOI

10.5604/01.3001.0013.3406

Publication date

06.08.2019

Publishing model

open access

License type

CC BY 4.0 Int.

Field

Social sciences

Discipline

international relations, economics and finance, communication and media studies, political science and public administration, management and quality studies, law, sociology

Language of publication

English, Polish

Downloads

PDF 316 KB

Article

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Number of downloads:66

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Abstract

The article presents the discussion about the future of the euro area. The starting point of this analysis is an outline of the main conclusions drawn from the crisis in this area, which began in 2010. Next, the documents regarding future reforms of the Economic and Monetary Union (EMU), submitted by the European institutions during 2015-2017, will be analysed. Subsequently, the discussion on these proposals among the member states, especially the most influential – France and Germany, is being analysed. The article is aiming at considering the preliminary results of these negotiations and the possible reforms of the euro area. The Author is also wondering whether these reforms can adequately prepare the monetary union for another crisis or even worsening the economic situation in Europe. In this context and in relation to the broader geopolitical situation in 2018, the question is raised whether Poland should mull over joining the EMU. Finally, the geo-economic consequences of entering the EMU or being outside the monetary union will be examined in a situation where the reforms of this area are incomplete and the eurozone seems to be not well prepared for a possible next crisis.

Keywords:

the Economic and Monetary Union,reforms,geo-economics,Poland

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