{"id":23540,"date":"2019-01-17T11:36:02","date_gmt":"2019-01-17T11:36:02","guid":{"rendered":"https:\/\/vistula.edu.pl\/news\/jak-zyc-z-euro-doswiadczenia-krajow-europy-srodkowo-wschodniej\/"},"modified":"2022-02-07T20:22:40","modified_gmt":"2022-02-07T20:22:40","slug":"live-euro-central-eastern-european-countries-experiences","status":"publish","type":"news","link":"https:\/\/vistula.edu.pl\/en\/news\/live-euro-central-eastern-european-countries-experiences","title":{"rendered":"How to live with the euro?  Central and Eastern European countries\u2019 experiences."},"content":{"rendered":"<section class=\"c-post__meta \">\n  17.01.2019\n    <\/section>\n\n\n<figure class=\"wp-block-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"870\" height=\"485\" src=\"https:\/\/b2929804.smushcdn.com\/2929804\/wp-content\/uploads\/2021\/12\/euro.jpeg?lossy=1&strip=1&webp=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"euro, waluta, niebo, chmury\" style=\"object-fit:cover;\" srcset=\"https:\/\/b2929804.smushcdn.com\/2929804\/wp-content\/uploads\/2021\/12\/euro.jpeg?lossy=1&strip=1&webp=1 870w, https:\/\/b2929804.smushcdn.com\/2929804\/wp-content\/uploads\/2021\/12\/euro-300x167.jpeg?lossy=1&strip=1&webp=1 300w, https:\/\/b2929804.smushcdn.com\/2929804\/wp-content\/uploads\/2021\/12\/euro-768x428.jpeg?lossy=1&strip=1&webp=1 768w\" sizes=\"auto, (max-width: 870px) 100vw, 870px\" \/><\/figure>\n\n\n<p><strong>The euro, the common European currency, is celebrating its 20th birthday. There are no fireworks on this occasion. There are, however, constant discussions about whether the euro is a bind or a threat. The report: \u201cHow to live with the euro? Experiences of Central and Eastern European countries\u201d presents hard data, without any emotions. The project has been developed by the team under the direction of Prof. Witold Or\u0142owski, the Rector of the Vistula University.<\/strong><\/p>\n\n\n\n<p>The eurozone consists of 19 EU members, who use the euro, including several countries from Central and Eastern Europe. The team headed by Prof. Witold Or\u0142owski, the Rector of the Vistula University, which included our lecturers, Ph.D. Bart\u0142omiej Nowak and Ph.D. Marta G\u00f6tz, has described the introduction of the single currency\u2019s effects in Slovakia and in Baltic republics \u2013 Estonia, Lithuania, and Latvia.<\/p>\n\n\n\n<p>\u201cThe report focuses on the experiences of 4 Central and Eastern European countries that have introduced the euro, with a similar level of development and history of economic transformation close to Poland\u201d the authors emphasise.<\/p>\n\n\n\n<p>The report contains the following conclusions:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>the adoption of the euro has contributed moderately positively to improving the economic performance of Slovakia, Latvia, and Lithuania, and in a definitely positive way to improving economic growth in Estonia;<\/li><li>the adoption of the euro was not associated with the deterioration of the current account deficit, and the increase in foreign debt in the four countries surveyed; it means that these countries did not repeat the mistakes made by the southern EU countries, after the introduction of the single currency;<\/li><li>thanks to the good preparation of the 4 countries surveyed for currency exchange, the introduction of the euro did not result in significant price increases there; however, the spectacular rise of prices of some goods, caused perceived inflation to be clearly higher than the real one; but without any doubts, it can be said that, contrary to the opinion expressed, the adoption of the euro itself, does not trigger the process of approaching the price level to that observed in the richer West European countries;<\/li><li>the adoption of the euro was associated with high political benefits for the countries studied, both \u2013 direct and indirect; these countries increased their influence on the direction of changes in the Union\u2019s reforms, the ability to build coalitions, and push their interests in the EU, and meanwhile, their sense of security also increased;<\/li><li>the support for the common currency is expressed by the majority of the population from these four countries: Estonia, Slovakia, and Latvia, with the support of 80-85%, are among the EU\u2019s countries best evaluating the euro \u2013 this is an expression of the satisfaction of the societies with the adoption of the euro.<\/li><\/ul>\n\n\n\n<p>The eurozone is not just a single currency, today. This is a comprehensive integration project, the largest since the establishment of the Uniform Market. The zone becomes the EU \u201chardcore\u201d. It will have its own budget soon.<\/p>\n\n\n\n<p>The publication was created with the support of European Commission funds, as part of the Europe for Citizens programme.<\/p>\n\n\n\n<p><a href=\"https:\/\/drive.google.com\/open?id=1h41cwQP_zQmdOPkHB0v6dOW2y4elAKTT\">PUBLICATION<\/a><\/p>\n\n\n\n<section classs=\"o-section c-shared-post\">\n  <div class=\"o-wrapper c-shared-post__container o-flex o-flex--grids o-flex--centered-v o-flex--space-between\">\n     <span class=\"c-shared-post__title u-font-color--1\">Share this post <\/span>\n        <div class=\"c-shared-post__social-content\"> \n                       <a class=\"c-shared-post__social-link c-link-social\" href=\"http:\/\/www.linkedin.com\/shareArticle?mini=true&amp;url=&amp;title=\" target=\"_blank\"><svg width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<path class=\"c-link-social__bg\" fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M20 40C31.0457 40 40 31.0457 40 20C40 8.95435 31.0457 0 20 0C8.95435 0 0 8.95435 0 20C0 31.0457 8.95435 40 20 40ZM11.5765 15.7908H15.1901C15.2697 15.7908 15.3417 15.8228 15.3942 15.8745C15.4474 15.9272 15.4805 16.0002 15.4805 16.0811V27.6897C15.4805 27.8501 15.3505 27.9802 15.1901 27.9802H11.5765C11.4163 27.9802 11.2863 27.8501 11.2863 27.6897V16.0811C11.2863 16.0559 11.2896 16.0315 11.2955 16.0081C11.2999 15.9912 11.3058 15.9749 11.313 15.9592C11.3262 15.9307 11.3438 15.9045 11.365 15.8821C11.418 15.8259 11.4932 15.7908 11.5765 15.7908ZM13.3845 10.0198C12.0697 10.0198 11 11.0884 11 12.4016C11 13.7156 12.0697 14.7844 13.3845 14.7844C14.6982 14.7844 15.7671 13.7156 15.7671 12.4016C15.7671 11.0884 14.6982 10.0198 13.3845 10.0198ZM21.2064 16.835C21.8571 16.1262 22.9299 15.5022 24.3812 15.5022C28.4513 15.5022 29.0001 18.4443 29.0001 21.3223V27.6899C29.0001 27.8503 28.8701 27.9802 28.7097 27.9802H25.1028C24.9424 27.9802 24.8125 27.8503 24.8125 27.6899V22.0457C24.8125 20.4656 24.6957 19.2566 23.2263 19.2566C21.8771 19.2566 21.3514 20.0107 21.3514 21.9463V27.6897C21.3514 27.8501 21.2214 27.9802 21.061 27.9802H17.4554C17.295 27.9802 17.1652 27.8501 17.1652 27.6897V16.0811C17.1652 15.9207 17.295 15.7908 17.4554 15.7908H20.916C21.0764 15.7908 21.2064 15.9207 21.2064 16.0811V16.835Z\" fill=\"black\"\/>\n<\/svg>\n<\/a> \n                                  <a class=\"c-shared-post__social-link c-link-social\" href=\"http:\/\/www.facebook.com\/share.php?u=&#038;title=\" target=\"_blank\"><svg width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<path class=\"c-link-social__bg\" d=\"M20 40C31.0457 40 40 31.0457 40 20C40 8.95431 31.0457 0 20 0C8.95431 0 0 8.95431 0 20C0 31.0457 8.95431 40 20 40Z\" fill=\"black\"\/>\n<path d=\"M21.8667 31.8666V21.0666H25.4667L26 16.8H21.8667V14.1333C21.8667 12.9333 22.2667 12.1333 24 12.1333H26.2667V8.26663C25.8667 8.26663 24.5333 8.1333 23.0667 8.1333C19.8667 8.1333 17.6 10.1333 17.6 13.7333V16.8H14V21.0666H17.6V31.8666H21.8667Z\" fill=\"white\"\/>\n<\/svg>\n<\/a>  \n                   <\/div>\n  <\/div>\n<\/section>","protected":false},"excerpt":{"rendered":"<p>The euro, the common European currency, is celebrating its 20th birthday. There are no fireworks on this occasion. There are, however, constant discussions about whether the euro is a bind or a threat. The report: \u201cHow to live with the euro? Experiences of Central and Eastern European countries\u201d presents hard data, without any emotions. The project has been developed by the team under the direction of Prof. Witold Or\u0142owski, the Rector of the Vistula University.<\/p>\n","protected":false},"featured_media":4441,"parent":0,"template":"","news-category":[127],"class_list":["post-23540","news","type-news","status-publish","has-post-thumbnail","hentry","news-category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to live with the euro? Central and Eastern European countries\u2019 experiences. - Vistula University<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vistula.edu.pl\/en\/news\/live-euro-central-eastern-european-countries-experiences\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to live with the euro? Central and Eastern European countries\u2019 experiences. - Vistula University\" \/>\n<meta property=\"og:description\" content=\"The euro, the common European currency, is celebrating its 20th birthday. There are no fireworks on this occasion. There are, however, constant discussions about whether the euro is a bind or a threat. The report: \u201cHow to live with the euro? Experiences of Central and Eastern European countries\u201d presents hard data, without any emotions. 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