Paweł Tokarski, PhD
EU/Europe Senior Associate
Areas of Expertise
- Economic Governance
- European Union
- Eurozone
- Financial and debt crisis
Economic governance of the euro area, European Central Bank, economic and European policies of France and Italy
Short Curriculum Vitae
Since 2014 at SWP
Since 2014 non-resident Fellow at the Polish Institute of International Affairs (PISM)
2010–2014 Lead Analyst at the Polish Institute of International Affairs (PISM) with focus on the euro area and EU finances, research team coodinator and member of the steering committee of a project of the Seventh Framework Programme of the European Commission, Warsaw, Poland
2013 PhD in Economics at the Warsaw School of Economics (SGH), Poland
SWP Publications
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The new E6 format: The EU between unity and fragmentation
In the face of mounting geopolitical pressure, the EU is seeking to regain its capacity to act by bringing together its six largest economies. Can the E6 group genuinely generate political traction within the Union without jeopardising the balance between European unity and operational effectiveness? In which policy areas could this format deliver substantial added value?
360 degrees, 24.04.2026 -
Europe’s fiscal–geopolitical vicious circle
Europe’s growing debt burden and geopolitical tensions are reinforcing each other: A lack of fiscal space is weakening the European Union’s strategic capacity to act, while external factors are putting further pressure on public finances, writes Paweł Tokarski.
Point of View, 11.11.2025 -
US Stablecoin Regulation Increases Pressure on Europe
The American Genius Act establishes clear rules for stablecoins. The associated risks could create difficulties for the EU – and increase the pressure to counter with a digital euro, writes Paweł Tokarski.
Point of View, 29.07.2025 -
The Digitalisation of Central Bank Money
China Advances while Europe Hesitates
SWP Comment 2024/C 48, 21.10.2024, 7 Pagesdoi:10.18449/2024C48
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The Euro in a World of Dollar Dominance
Between Strategic Autonomy and Structural Weakness
SWP Research Paper 2024/RP 02, 05.02.2024, 30 Pagesdoi:10.18449/2024RP02
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The International Role of the Euro Remains Stable – but It Needs More Attention
Despite the war in Ukraine and high inflation, the role of the euro in the global economy remained stable in 2022. The problems in strengthening its international role reflect the obstacles to further EU economic integration, says Paweł Tokarski.
Point of View, 30.06.2023
External publications
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Euro Re/new: Scenarios for Poland
Report, Reform Institute, April 2024 -
The elephant in the room in Poland’s election? Joining the euro
Poland committed to joining the euro as part of its EU accession, but progress has stalled over the last decade. Ahead of the country’s next parliamentary election on 15 October, Agnieszka Smoleńska and Paweł Tokarski argue it is time to reopen the issue of Poland’s membership of the Eurozone.
in: LSE Blog, 21.09.2023 -
Corona Recovery Deal: Can the EU Rebound?
EU leaders have struck a deal on an historic coronavirus recovery financial package. Can Europe come out stronger from the crisis? Our guests: Cerstin Gammelin (Süddeutsche Zeitung), Erik Kirschbaum (Journalist), Paweł Tokarski (SWP)
Interview of Andreas Zemke, in: DW.com, 23.07.2020 -
2019 European Elections in Poland
in: Clingedael Magazine, 17.05.2019 -
Poland and the Re-categorization of the Eurozone Entry: From a Legal Obligation to a Political Issue
in: Tom Hashimoto, Michael Rhimes (eds.): Reviewing European Union Accession. Unexpected Results, Spillover Effects, and Externalities, Brill / Nijhoff, October 2017, pp. 113–133 -
Judy Asks: Is Italy Europe’s Achilles’ Heel?
A selection of experts answer a new question from Judy Dempsey on the foreign and security policy challenges shaping Europe’s role in the world
in: Carnegie Europe , 28.06.2017 (online)