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Poland does not use the euro as its currency. However, under the terms of their Treaty of Accession with the European Union, all new Member States "shall participate in the Economic and Monetary Union from the date of accession as a Member State with a derogation", which means that Poland is obliged to eventually replace its currency, the złoty, with the euro.
The actual process of integrating Poland into the EU began with Poland's application for membership in Athens on 8 April 1994, and then the confirmation of the application by all member states in Essen from 9–10 December 1994. Poland's integration into the European Union is a dynamic and continuously ongoing process.
The eurozone has also enacted some limited fiscal integration; for example, in peer review of each other's national budgets. The issue is political and in a state of flux in terms of what further provisions will be agreed for eurozone change. No eurozone member state has left, and there are no provisions to do so or to be expelled. [16]
1 These countries are currently not participating in the EU's single market (EEA), but the EU has common external Customs Union agreements with Turkey (EU-Turkey Customs Union in force since 1995), Andorra (since 1991) and San Marino (since 2002).
As a result of the European sovereign debt crisis, some eurozone states were given a bailout from their fellow members via the European Financial Stability Facility and European Financial Stability Mechanism (replaced by the European Stability Mechanism from 2013), but this came with conditions.
This includes all member States of the EU, even those outside the eurozone providing the transactions are carried out in euro. [77] Credit/debit card charging and ATM withdrawals within the Eurozone are also charged as domestic; however, paper-based payment orders, like cheques, have not been standardised so these are still domestic-based.
Between 1994 and 2004, the BAFTA free trade agreement was established to help prepare the countries for their accession to the EU, rather than out of the Baltic states' desire to trade among themselves. The Baltic countries were more interested in gaining access to the rest of the European market.
There are three types of government systems in European politics: in a presidential system, the president is the head of state and the head of government; in a semi-presidential system, the president and the prime minister share a number of competences; finally, in a parliamentary republic, the president is a ceremonial figurehead who has few political competences.