Ramy polityki gospodarczej w strefie EURO

Abstract

The general economic policy framework in the Euro zone is defined by the Maastricht Treaty. Due to a big diversity of economic structures and political preferences of the member countries as well as the subsidiarity principle followed in the F.U, the Treaty leaves many significant fields of the economic policy for national competences. Nevertheless, it envisages ccrtain measures aimed at ensuring the coherence of decisions made by different political entities. It is promoted by a clear division of responsibilities for pursuing specific policies, defining common goals of the economic policy, general principles of pursuing it and creating a network of decision-making centres. Within this scope there is room both for more or less binding co-ordination forms as well as a free play of competitive economic policy programmes. This general framework was complemented gradually by detailed frames of economic policy co-ordination and primarily such as the budget policy, the employment policy and structural reforms. Due to the fact that credibility of the economic policy within the economic and monetary union is dependent upon the effectiveness of different co-ordination procedures, these procedures are subject to constant supervision, which leads to the adjustment of operating frames of the economic policy to new objectives and conditions.