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Euro Adoption: Is It Reversible?

Author

Listed:
  • Cristina Puiu

    (Alexandru Ioan Cuza University of Iasi, Romania)

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.

Suggested Citation

  • Cristina Puiu, 2010. "Euro Adoption: Is It Reversible?," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 2(4), pages 33-37, December.
    • Handle: RePEc:jes:wpaper:y:2010:v:2:i:4:p:33-37
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    File URL: http://ceswp.uaic.ro/articles/CESWP2010_II4_PUI.pdf
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