(Wydawnictwo Uniwersytetu Rzeszowskiego, 2012) Grosse, Tomasz Grzegorz
The European currency was created too early, that is without adequate deepening of political integration of the Old Continent. This is how the system of common currency became an „developmental trap” for the peripheral countries. Defective institutional structure of the euro zone proved to be also a „trap” for the central states in times of crisis. Costs and economic risk in the Euroland (that are increasingly affecting the central states) are growing exponentially. In this article I present major consequences for EU Cohesion Policy as well as other political and economic outcomes of euro zone crisis.
