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Euro: The Main Problems and Solutions

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Poland and the Eurozone

Part of the book series: Studies in Economic Transition ((SET))

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Abstract

Two main objections are raised against the euro. The first is expressed in a popular statement: ‘One monetary policy can’t fit all’, which implies that countries, especially larger ones, should have their own currencies, and — as a result — floating rates of exchange. The second objection is contained in another popular saying: ‘Monetary union requires fiscal (political) union’. I will discuss these two objections and present my own view as to what are the main weaknesses of the euro architecture in its present form and what should be done to improve it.

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Authors
  1. Leszek Balcerowicz
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Editor information

Editors and Affiliations

  1. Bournemouth University, UK

    Jens Hölscher (Professor of Economics and Head of Department) (Professor of Economics and Head of Department)

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© 2014 Leszek Balcerowicz

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Balcerowicz, L. (2014). Euro: The Main Problems and Solutions. In: Hölscher, J. (eds) Poland and the Eurozone. Studies in Economic Transition. Palgrave Macmillan, London. https://doi.org/10.1057/9781137426413_1

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