Benefits of Joining the EU and EMU

Costs and benefits of joining the EU and EMU.

Executive Summary

Purpose – This paper is conducted on several authors’ works and statistical database. The report aims to identify the costs and benefits to the Polish transport sector after joining the EU in 2004, as well as it aims to identify the costs and benefits to Greece due to joining of the Economic and Monetary Union in 2001.
Approach – This report is conducted on the statistical database and several authors’ works, which were concentrated on the evaluation and estimation of the costs and benefits of joining the EU and the EMU.
Findings – The research provides the information of what kind of costs and benefits occurred in the Polish transport sector due to joining the EU and the costs and benefits to Greece due to joining the EMU.

Contents
Executive Summary……………………………………………………………………………..…1
Table of Contents………………………………………………………………………….…...….2
Introduction…………………………………………………………………………….…….………3
1. Benefits and costs of EU membership to the Polish transport sector………………………………………………………………………………………….…….….4
2. The benefits and costs of Economic and Monetary Union to Greece……..9
Conclusion……………………………………………………………………………………..……12
References……………………………………………………………………………………..……13

Introduction

This report includes the research of the materials related to the European Union and Economic and Monetary Union (EMU). There are a lot of arguments for and against joining the EU and the common currency, so this report is concentrated mainly on the costs and benefits to the Polish transport sector after joining the EU in 2004 as well as on the benefits and costs to Greece from joining the EMU in 2001, after what all the findings will be concluded.

1. Benefits and costs of EU membership to the Polish transport sector.

One of the reasons why Poland joined the EU in 2004 is due to major economic, political and military advantages. Transformation towards a market

References: George S. Tavlas. (2004). BENEFITS AND COSTS OF ENTERING THE EUROZONE. Cato Journal. 24 (0), pp89-106. Arghyrou M.G. (2009). Monetary policy before and after the euro: Evidence from Greece. Empirical Economics, 36: 621-43 Dionysios P Kevin Featherstone. (2003). Greece and EMU: Between External Empowerment and Domestic Vulnerability. JCMS. 41 (5), pp. 923–40. Roel Beetsma, Massimo Giuliodori. (2009). The macroeconomic costs and benefits of the Economic and Monetary Union. Available: http://www.voxeu.org/index.php?q=node/4305. Last accessed 10th March 2012. Graham Avery, ANNE FABER and Anne SCHMIDT (2009). Enlarging the European Union: Effects on the new member states and the EU edited. Belgium: Trans European Policy Studies Association 11, Rue d’Egmont, 1000 Brussels. 29-36.