SELECTED IMPLICATIONS OF THE CREATION OF THE BANKING UNION FOR THE ACCESSION OF POLAND INTO THE EUROZONE
The last global financial crisis exposed a number of structural weaknesses of the eurozone which generated a great deal of additional costs as well as risks leading almost to its collapse. The creation of the Banking Union is hoped to strengthen the eurozone, however, it may not be enough, even when...
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| Format: | Article |
| Language: | English |
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University of Applied Sciences in Bielsko-Biała
2016-04-01
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| Series: | Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej |
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| Online Access: | http://asej.eu/gicid/01.3001.0012.2896 |
| Summary: | The last global financial crisis exposed a number of structural weaknesses of the
eurozone which generated a great deal of additional costs as well as risks leading
almost to its collapse. The creation of the Banking Union is hoped to strengthen the
eurozone, however, it may not be enough, even when complemented with other reforms,
to fully restore its effectiveness. Implementation of a common budget is necessary to
enhance further integration of the euro area and to assure its financial stability.
However, it seems that application of much less demanding tools of fiscal integration
should be sufficient. A relatively small "insurance budget" would provide the definitive
guarantee of bank deposits what would significantly reduce the risks for Poland when it
joins the eurozone. |
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| ISSN: | 2543-9103 2543-411X |