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
Related Articles
- EP ID EP139684
- DOI -
- Views 115
- Downloads 0
EU – A STRONGER GLOBAL ACTOR: NEW CONTEXTS FOR EU-KOREAN RELATIONS
European Union (EU) is currently confronting a series of challenges to its internal dynamics as well as its position on the international arena. However, EU continues to rely on its normative power in order to influence...
European Union and diaspora engagement policy within changing realities
The article presents an analysis of the European Union and diaspora engagement policy within changing realities. The author focuses on the main research question concerning how the new, uncontrolled migration flows may i...
TRADE LIBERALISATION IN EUROPE AND THE REST OF THE WORLD
The present paper aims to disseminate how liberalisation processes were conducted around the globe and especially in Europe since the XIXth century up to date. The research objective is to review the liberalisation of tr...
AN EXPLORATORY STUDY OF THE REGIONAL CONTEXT OF COMPETITIVE DEVELOPMENT IN ROMANIA
A recent series of EU initiatives gradually have changed the meaning of growth initiatives whereby the options of economic policy became more closely linked to the needs of development at ever smaller territorial units....
Bulgaria’s energy security in the context of energy dependence on the import of oil products
Over the years Bulgaria has remained strongly dependent on its import of oil products mainly due to the lack of oil resources on its territory. This import dependence poses a significant risk for the country’s energy sec...