The project assesses the impact of an eastward enlargement of EMU on developments both within the accession candidates in Central and Eastern Europe (CEE) and within the existing euro system. On the background of a comparative analysis which focuses on three CEE countries that belong to the first wave of EU applicants (Estonia, Poland, Slovenia) and four countries of the euro-zone (Finland, Germany, Italy, Portugal), the project analyses the accession process and the impact of the euro with respect to structural adjustment and fiscal responsibility, as well as political stability, by a close examination of capital markets, labour markets, trade and foreign direct investment, exchange rate regimes, fiscal and monetary policies, and the social dimension. The EU has an important role to play in providing political support and economic assistance to stabilise the transition process that will bring about the reshaping of the European economies.
Funding SchemeCSC - Cost-sharing contracts
02 521 Warszawa