EURO ADOPTION: IS IT REVERSIBLE?
Journal Title: CES Working Papers - Year 2010, Vol 2, Issue 4
Abstract
Starting from 1999 sixteen countries have adopted euro as a single currency. Considering that the Maastricht Treaty stipulates that all the European Union countries must adopt euro once they meet the requirements stipulated it is not a question of “if to join the euro area”, but rather of “when”. Therefore adopting euro currency is not and it should not be a reversible process. The decision to participate the monetary union represents the expression of a decision to move forward, while leaving it would be nothing else but a step back.
Authors and Affiliations
Cristina Puiu
Keywords
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