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Author
Lubiński Marek (Szkoła Główna Handlowa w Warszawie)
Title
Przyszłość Paktu stabilności i wzrostu
The Future of the Stability and Growth Pact
Source
Gospodarka Narodowa, 2011, nr 1-2, s. 19-42, tabl., bibliogr. 64 poz.
The National Economy
Keyword
Kryzys finansowy, Finanse publiczne, Europejski Pakt Stabilności i Wzrostu, Polityka gospodarcza, Sektor finansów publicznych
Financial crisis, Public finance, Stability and Growth Pact (SGP), Economic policy, Public finance sector
Note
summ.
Company
Unia Europejska (UE)
European Union (EU)
Abstract
Reasumując można powiedzieć, że PSW niezależnie od związanych z nim kontrowersji teoretycznych ani razu nie przeszedł pozytywnie weryfikacji w trudnych warunkach ekonomicznych. Nie inaczej było w czasie ostatniego kryzysu, kiedy Unia zdała test solidarności, natomiast nie można tego samego powiedzieć o poprawności rozwiązań systemowych. PSW nie uzasadnił pokładanych w nim nadziei, natomiast potwierdził wszystkie związane z nim zastrzeżenia. Światowy kryzys finansowy potwierdził całkowitą słuszność obaw, że nadmierny deficyt i dług publiczny mogą zagrozić stabilności strefy euro i udowodnił, że PSW nie wystarczy do jej zapewnienia. Wynika z tego oczywisty postulat wzmocnienia mechanizmów ograniczających deficyty budżetowe w Europie. Ostatnie wydarzenia ujawniły luki i słabości istniejącego systemu, uwypuklając konieczność wzmocnienia implementacji i wcześniejszej koordynacji, podejmowania dodatkowych środków zapobiegawczych i naprawczych, a także budowę system rozwiązywania kryzysów. Proponowane rozwiązania oznaczają na tyle daleko idące modyfikacje, że w praktyce są odejściem od PSW. Można się zastanawiać czy PSW nie pozostaje jedynie szyldem, za którym kryją się treści jeżeli nawet nie sprzeczne to całkowicie odmienne od pierwotnych rozwiązań. (fragment tekstu)

The article focuses on the European Union's Stability and Growth Pact in the context of the experience of the latest financial crisis. The starting point for the discussion is a look at the basic assumptions of the Stability and Growth Pact. Subsequently the author evaluates the agreement in the form in which it was adopted before the latest crisis. The article closes with conclusions resulting from the financial crisis for the future of the Stability and Growth Pact. The latest crisis has upset the balance in the public finance sector and renewed debate about the Stability and Growth Pact, Lubiński says. According to critics, the Stability and Growth Pact, which was expected to guarantee stability in the eurozone, has largely failed to live up to expectations. The international debate has featured many arguments for and against the Stability and Growth Pact. At the same time, some earlier proposals for changes have been revived and new proposals have been made. The latter are not always realistic for political reasons, according to Lubiński. The global financial crisis has exposed the weaknesses of the existing system and highlighted the need to strengthen implementation and coordination efforts and take additional preventive and remedial measures, the author says. The crisis has shown that a comprehensive system for resolving crises needs to be developed, according to Lubiński. The proposed measures call for far-reaching modifications that would in practice mean a departure from the Stability and Growth Pact. Some argue that the Stability and Growth Pact is only a slogan and an unrealistic scenario for the European Union - one that could lead to completely different results than those originally assumed.
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ISSN
0867-0005
Language
pol
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