IDEAS home Printed from
   My bibliography  Save this article

The Analysis On The Preparation Degree Of The Eastern Europe Block States To Adopt The Unique Currency


  • Anisoara Niculina APETRI

    () (Stefan cel Mare Univesity, Suceava, Romania)

  • Gheorghe SANDU

    () (Stefan cel Mare Univesity, Suceava, Romania)

  • Irina Stefana CIBOTARIU

    () (Stefan cel Mare Univesity, Suceava, Romania)


The entry ticket for the Economic and Monetary Union and for adopting the single currency is obtained when an EU member country achieves the five nominal convergence criteria stipulated in the Maastricht Treaty. Since the launching of the euro on 1 January 1999 by 11 European Union member states, another five countries joined theeuro. Out of the 27 EU countries currently only 16 Member States have adopted the euro at most recent case in this regard is Slovakia on 1 January 2009. This means that 11 states have not yet adopted the euro and are fully participating in the third stage of the economic and monetary union. The idea of this paper appeared amid the advance preparation of the Eastern block countries in the European Union to the admission to a higher stage of integration. After analyzing the status of compliance with the convergence criteria of the Eastern bloc countries in the EU, of Romania in particular, we came to the conclusion that Romania does not comply with any of the criteria for adopting the single European currency, with all the progress made in terms of European integration, so it is shown that efforts must be intensified in order to achieve a high degree of sustainable convergence. This effort is aimed at making and maintaining price stability in a sustainable manner, as well as reducing the large deficits incurred during the financial and economic crises, in some Member States and to achieve and maintain an optimal level of the public finances.

Suggested Citation

  • Anisoara Niculina APETRI & Gheorghe SANDU & Irina Stefana CIBOTARIU, 2010. "The Analysis On The Preparation Degree Of The Eastern Europe Block States To Adopt The Unique Currency," The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 10(2(12)), pages 248-256, December.
  • Handle: RePEc:scm:ausvfe:v:10:y:2010:i:2(12):p:241-249

    Download full text from publisher

    File URL:,nr.2(12),2010%20fulltext.pdf
    Download Restriction: no


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:scm:ausvfe:v:10:y:2010:i:2(12):p:241-249. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Liviu Scutariu). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.