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Author
Greta Marianna (Lodz University of Technology, Poland), Tomczak-Woźniak Ewa (Lodz University of Technology, Poland)
Title
Processes of Monetary Integration - the Greek Crisis and Its Influence on the European Union
Source
Ekonomia i Prawo, 2014, t. 13, nr 1, s. 121-134, tab., bibliogr. 11 poz.
Economics and Law
Keyword
Integracja monetarna, Kryzys finansowy, Strefa euro
Monetary integration, Financial crisis, Eurozone
Note
summ.
Company
Unia Europejska (UE)
European Union (EU)
Country
Grecja
Greece
Abstract
Meeting of the convergence criteria adopted in the Maastricht Treaty allows to ensure the stability of the zone and to increase its position in the international arena. For this to happen, achieving of the required level of convergence must be long-term and based on sound evidence. Greece when it joined the Eurozone has much abused the trust of the European Union (EU) authorities when using false data it secured its place among the other holders of the Euro currency. The intention of the paper is to present basing on the example of Greece, the importance of compliance with the convergence criteria imposed by the European Union, and its purpose is to analyze the causes of the Greek crisis and its impact on the functioning of the Eurozone and the EU. (original abstract)
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Bibliography
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  11. Vamvakidis A., The convergence of the Greek economy in the EU: lessons for accession countries, NBP, Warsaw 2003.
Cited by
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ISSN
1898-2255
Language
eng
URI / DOI
http://dx.doi.org/10.12775/EiP.2014.010
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