Chapter 8 looks at the challenges for transformation concerning membership of the European Union. We concentrate on competition policy as the core of a competitive transformation and membership within the European Monetary Union (EMU) and its fiscal requirements. The chapter concludes with an exploration of fiscal transparency in the biggest new EU member country, Poland. We show that the EU law regarding competition policy has been implemented; the fulfilment of the Stability and Growth Pact (SGP), however, raises some concern, because the precondition of fiscal transparency cannot be taken for granted.
Keywords
- Fiscal Policy
- Public Debt
- Competition Policy
- European Monetary Union
- Transition Country
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