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Who is afraid of the circular economy and the euro? The importance of courage and learning for Romania to grasp the opportunities of the future


  • E.J. Postma



There is agreement in Romania that implementing the circular economy is a good thing to do. Unfortunately this does not mean that the good thing is done. The same applies to the introduction of the euro. There is a risk that the implementation of the circular economy is in the same way and with the same arguments repeatedly postponed as in the case of the euro. A major argument to postpone the introduction of the euro has been that real convergence is considered insufficient yet and that pensioners would end up with a low income. There is a danger that in Romania the circular economy is praised like the euro, but not implemented because of transaction costs and insufficient convergence. Overcoming the fear for the circular economy and for euro introduction needs courage and learning that both the circular economy and the euro introduction can foster real convergence and not the other way round. Portia - Good sentences and well pronounced. Nerissa - They would be better if well followed. Portia - If to do were as easy as to know what were good to do, chapels had been churches, and poor men's cottages princes' palaces. It is a good divine that follows his own instructions: I can easier teach twenty what were good to be done, than be one of the twenty to follow mine own teaching. William Shakespeare, The Merchant of Venice, Act 1, Scene II.

Suggested Citation

  • E.J. Postma, 2017. "Who is afraid of the circular economy and the euro? The importance of courage and learning for Romania to grasp the opportunities of the future," International Conference on Economic Sciences and Business Administration, Spiru Haret University, vol. 4(1), pages 314-321, November.
  • Handle: RePEc:icb:wpaper:v:4:y:2017:i:1:314-321

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