Problems with fulfilment of stabilization pact in the face of the financial crisis of the Eurozone
Journal Title: Central European Review of Economics and Finance - Year 2016, Vol 13, Issue 3
Abstract
The main aim of the rules of fiscal policy of European Union is to identify and limit the negative impact of wrong policies of some of the member states on the functioning of the remaining countries of the Eurozone. In order to limit possible threats institutional and legal regulations were put in place in form of Stability and Growth Pact. Its main aim was to discipline the fiscal policies led by the countries of the Eurozone. The debt crisis in the Eurozone proved, that the convergence criteria of the Maastricht Treaty and the Stability and Growth Pact were not sufficient t provide stability of public finances in the counties of the Eurozone. It is thus justified to launch an analysis concerning the debt situation of the Eurozone and its further existence. What is also to be analyzed are the problems resulting from the non-adherence of the countries of Eurozone to the Stability and Growth Pact. The analysis was conducted on the basis of literature study and analysis of statistical data.(original abstract)
Authors and Affiliations
Aneta Krawczyk-Sawicak
Keywords
Related Articles
- EP ID EP214060
- DOI -
- Views 65
- Downloads 0
Business funding sources during the financial crisis: supply-side and demand-side factors. Case study of Greece
The objective of this study is to present the evolution of the financing of Greek enterprises during the years of crisis, and in particular analyze the impact of the crisis on companies' access to external financing. The...
Application of an early warning system in the dynamic model for business processes improvement
The goal of the present paper is to depict the application of an early warning system as a part of the dynamic model for business processes improvement. The essence of the system is presented, the stages its building pas...
Verifying Capital Asset Pricing Model in Greek Capital Market
o begin, the article verifying of Capital Asset Pricing Model (CAPM) would be appropriate for capital asset valuation on the Greek capital market. We examined 32 companies listed on the Athens Stock Exchange (ASE) on a w...
The contexts of the competitivness in the higher education
The term of competitiveness in referring to the Higher Education and its institutions is the subject of research and it is mentioned in the foreign and in the Polish literature of the subject in some different aspects. T...
Organizational and methodological aspects of the audit of innovative products
Nowadays intellectual property or modern innovative product is one of the main wealth of human society. New ideas, approaches, innovative products in the form of modern techniques and technologies are important tools whi...