Global Financial Crisis and Euro Zone Enlargement
The conference, organized by the European Studies Chair of European Economic Integration Chair and Jean Monnet Center of Excellence, brought together outstanding professionals, both economists and politicals, from Poland, Europe and Canada.
There is no doubt that the problem of joining Central and Eastern Europe countries to the euro zone has now become an extremely important and exciting research area for researchers and the general public.
Prof. Amy Verdun from University of Vitoria presented a short history of the the creation and expansion of the European Monetary Union and adoption the euro by the EU member countries. She noted that although membership in the European Union, in theory should involve the adoption of common currency, the experience of the other countries suggests that this process is not automatic and immediate.
Another speaker, Professor Julius Horvath from the Central European University in Budapest, compared the experiences in economies reformation of two countries: Slovakia and Hungarian.
Very pessimistic vision regarding adoption of the euro, this time in the case of Czech, was presented by Assem Dandashly from University of Victoria. He noted that before the expansion of the zone not only the economic factors should be to analyzed, but also there is a need to watch closely the political situation.
The next speaker, Professor dr hab. Andrzej Wojtyna, representing Chair of Macroeconomics
clearly claimed that the in the face of the current crisis we should do everything that is possible to accelerate the adoption of the euro by the Central Europe
countries, particularly by Poland. He agreed however, that political factors play a
equally important role as economic issues.
The last speaker was dr Marek Dąbrowski from the Cracow University of Economics, who presented the report about polish currency in comparison with European currency.