Prospects for the Entry of Slovakia into the Euro Area
Prospects for the Entry of Slovakia into the Euro Area

Author(s): Marián Nemec
Subject(s): Politics, Economic policy, International relations/trade, EU-Approach / EU-Accession / EU-Development
Published by: Research Center of the Slovak Foreign Policy Association (RC SFPA)
Keywords: Euro area; Slovakia; entry; policy; prospects;
Summary/Abstract: Slovakia’s integration into the European structures has not ended with European Union accession. The next step, which is connected with the Treaty of Accession to the EU and is therefore binding for the SR, is entry into the euro area. Although Slovakia has been granted a temporary postponement for the adoption of the euro, the country is expected to become a full member of the Economic and Monetary Union (EMU) and to introduce the single currency as soon as the Maastricht criteria are met. However, the adoption of the euro is to be seen first and foremost as an advantage, rather than an obligation, since it represents a chance that all the positive effects of integration will be achieved fon the Slovak economy.

• Details
• Contents