PART I: THE EURO: GENERAL REFLECTIONS 1. Euro: The Main Problems and the Solutions; Leszek Balcerowicz 2. The Euroarea: Premature, Diminished, Divergent; Mario Nuti 3. The Euro as a Moentarist, Neoliberal Project; Victoria Chick PART II: INCOME DEVELOPMENTS 4. The Eurozone Crisis: Escaping the 'Doom Loop'; Andy Mullineux 5. Business Cycles Synchronization Between the European Monetary Union and Poland; George Filis and Steve Letza 6. External Imbalances in the European Monetary Union: The Case for Keynesian Income Policy; Horst Tomann PART III: MONETARY ASPECTS 7. UIP, the Carry Trade and Minsky's Financial Instability Hypothesis in the CEE and CIS; Robert Hayward and Jens H?lscher 8. The Maastricht Inflation Criterion and Entry to the Eurozone: Challenges and Options For EU Countries from Central and Eastern Europe; Karsten Staehr 9. Poland During the Crisis: A 'Green Island' Approaching the Euro Area?; Malgorzata Polanski PART IV: FIRMS' BEHAVIOUR 10. The Impact of Foreign Capital on Competition and Concentration in the Polish Banking Sector; Malgorzata Pawlowska 11. Entrepreneurship in Poland - Dynamics and Cross-Country Comparison; Przemyslaw Zbierowski.