The European Central Bank counteracts country-specific risk premia in eurozone, that hinders proper allocation of capital and incurs the risk of building up a new credit bubble. Meanwhile the eurozone is already waiting to cover...
The European Union’s new member states from Central and Eastern Europe are required to join the eurozone as part of their accession agreements. But deciding when to adopt the euro is a matter of heated debate. It is not just an...
During the depths of the eurozone crisis just a few months ago, anyone suggesting that Poland ought to seriously start considering joining the euro would have been a candidate for a mental health check-up. But that is exactly...
The easing of the crisis suffered by the euro area for a few years reactivated the topic of our presence there. The awareness that without the euro adoption Poland would remain an insignificant EU player is increasing. The first...
An interview with prof. Rudolf Sivák, rector of University of Economics in Bratislava about Slovakian experiences with euro.
One of the reasons that Poland's economy has managed to survive successive waves of the global economic crisis is that it has a shock absorber in the form of its own currency − which is why support for joining the common...
We are reducing the deficit because financial markets are very sensitive to its level, but we are not joining the euro area. Accordingly, we are losing the “umbrella” of the ECB, a chance for the economy to operate in the...
Ostatnie dni obfitowały w nagłe zwroty akcji na rynku walutowym, do czego przyczyniło się zamieszanie wokół pomocy dla Grecji i obniżenie ratingu Portugalii. Kurs euro spadł do najniższego poziomu do dolara od prawie...
Światowe Forum Ekonomiczne w Davos zwykle nie ma wpływu na realny świat polityki i gospodarki. Tym razem może stać się cud. Eksperci twierdzą, że z debat powinien wyłonić się plan reformy sektora bankowego zarówno w...
Worries over the big budget deficit in Greece have steadily escalated in recent weeks, causing the yield spread between Greek and German bonds to exceed 300 basis points (3 percentage points). But how serious is this crisis...