EURO ADOPTION: IS IT REVERSIBLE?
EURO ADOPTION: IS IT REVERSIBLE?
Author(s): Cristina PuiuSubject(s): Economy
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: 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
Summary/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.
Journal: CES Working Papers
- Issue Year: 2/2010
- Issue No: 4
- Page Range: 33-37
- Page Count: 5
- Language: English