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Critical Aspects of the Italian Debt
Černohorský, David ; Němcová, Ingeborg (advisor) ; Neumann, Pavel (referee)
The work examines the hypothesis that the Italian debt has already reached its critical level and the creditors no longer trust the country. I concluded that it's far from having reached its critical level. Despite the rising debt and internal problems, Italy borrows more cheaply than before and thanks to economic growth and some reforms we can expect this trend to continue. On the other hand, the country still has major structural problems and struggles with high unemployment and declining competitiveness. In the case of failure to introduce necessary reforms, in a longer-term can Italy suffer by significant problems.
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Coordination of Economic Policies of EU Focusing on The Visegrad Group Countries
Dvořák, Pavel ; Bič, Josef (advisor) ; Hnát, Pavel (referee)
This thesis examines the process of coordination of economic policies of the European Union on the example of the Visegrad countries. The introductory chapter describes the development of the economic policy coordination, discusses the key legal documents that most affected the process of coordination, and assesses the importance of the coordination for the European integration . The second chapter focuses on the latest changes in the legislation relating to the coordination of economic policies. The last chapter describes the influence of the most essential tools for coordinating the countries of the Visegrad Group. Assesses the extent differences involvement Slovakia coordination process, as the only state that groups that have adopted the euro . Assesses the impact of the crisis on developing coordination and lightly touching the issue of the future adoption of the euro in the countries of the Visegrad Group, which still use the national currency.
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The Impact of the Economic Governance Reform of the EU on the Position of the European Commission
Lukášková, Sára ; Abrhám, Josef (advisor) ; Cihelková, Eva (referee)
The need to improve the economic governance of the EU occurred during the financial crisis when many member states experienced recession. The fact that each member state was influenced differently shows us the two main weaknesses of the EMU: economic heterogeneity of the member states and deep public debt. Existing fiscal rules were proved to be ineffective and unenforceable. The topic of this master thesis is the analysis of the impact of the economic governance reform on the position of the European Commission. The thesis deals only with one aspect of the reform- the budgetary surveillance framework. The thesis explains that this reform was necessary for improving of the EMU and it deals with the impact of this reform on the position of the European Commission. The analysis is based on the comparison of legal acts concerning the budgetary surveillance framework before and after the reform.
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The Stability and Growth Pact EU
Vlček, Jakub ; Adámková, Vlasta (advisor) ; Machytka, Daniel (referee)
The thesis describes Stability and Growth Pact and his development in time. At the beginning is followed development of Economy and Monetary Union, to clarify the historical background of the gradual process accessing Stability and Grow Pact. Development is described from Article 104c of the Treaty establishing the European Community over the German's proposal for the Stability Pact to a final agreement on Stability and Growth Pact, which was a compromise between the German's and French's proposal. The emphasis is placed on noncompliance with the rules of the Pact of Stability and Growth by Germany and France that led to its reform.
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Analysis of current development in the Eurozone and its possible future development
Leopoldová, Lucie ; Čajka, Radek (advisor) ; Bolotov, Ilya (referee)
The aim of this thesis is an analysis of the current sovereign debt crisis in the Eurozone. In the first part the establishment of the Euro area is described and the key events which preceded it. Subsequently, the paper discusses the the origin and causes of the crisis in general and then in particular, in the most indebted countries in the Eurozone. The second part concerns about current development of the situation, including measures approved to stop the crisis. Last chapter analyses the possible solutions of the crisis and the direction, in which the Eurozone, or more precisely Europe, might head towards.
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The implementation of budgetary policies in terms of European integration process
Grofčík, Lukáš ; Bič, Josef (advisor) ; Tunkrová, Věra (referee)
The goal of this thesis is to identify the causes and consequences of adverse budgetary situation in the countries of the European Union and to clarify the possible solutions. The work is divided into four main parts. The first chapter discusses budgetary policies, specifies it and defines the concept of fiscal imbalance and its consequences in terms of a common monetary policy. The second chapter discusses the issue of structural reforms and economic policy coordination as a possible solution to the adverse condition. To understand the internal relations of the euro area, their responsibilities and rights, it is needed to be familiar with the document called The Stability and Growth Pact disassembled in the third chapter. The final chapter attempts to describe the evolution of public finances in particular selected euro area countries or EU with the consequences and reactions that caused their financial position.
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Spain and the Euro
Vašutová, Helena ; Němcová, Ingeborg (advisor) ; Šaroch, Stanislav (referee)
Spain is one of the founding countries of the European Monetary Union, that adopted the single currency in 1999. The aim of this thesis is to evaluate the overall impact of the Euro on the Spanish economy. The first part briefly introduces Spain's economy. The second part is about the European Central Bank's monetary policy. This part analyses the suitability of the single monetary policy and then examines its specific implications on the Spanish economy. The third part deals with the fiscal policy and the Stability and Growth Pact. This part analyses the impact of the Euro on the public finances.
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Italy and the Stability and Growth Pact
Mrozková, Tea ; Šaroch, Stanislav (advisor) ; Karpová, Eva (referee)
The subject of this thesis is Italy and the Stability and Growth Pact. The first chapter characterizes principle and functions of the Stability and Growth Pact and its observance. The second chapter presents stabilization programs presented by Italian government, from the reform of the Pact until the present, with emphasis on medium term objectives, economic process and macroeconomic indicators. Third chapter focuses on the analysis of eventual development of macroeconomic indicators related to public finance by using fiscal arithmetic.
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Growth and Stability Pact
Dobrovolná, Klára ; Izák, Vratislav (advisor) ; Prušvic, David (referee)
Growth and Stability Pact is the primary tool of the coordination of economic policy. This thesis deals with the historical development of the Pact, epmhasising its modification and furthermore its eligibility as means of enforcing the fiscal discipline of member states.
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