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Romania, Poland. Two Countries, One Wish: Joining the Eurozone

Author

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  • Soproni, Luminita
  • Marcut, Mirela

Abstract

The paper aims to present the efforts of the two Member States of the European Union regarding the criteria for accession in the „select club” of the Eurozone, in the current economic environment, which is characterized by uncertainty and profound turbulences. The study has pointed out that, even though the economic policies of the Romanian and Polish governments have generally implied similar measures in order to comply with the convergence criteria, the visions of the two governments are different. In short, Romania’s exaggerated optimism, fuelled by the electoral “needs”, (the only country in a hurry to enter the Eurozone), and not backed by the economic reality, is in a stark contrast with Poland’s reserved attitude (taking into consideration the fact that the Poland has the highest rate of economic growth in Europe), which expresses the wish to join the Eurozone only after the national economy’s problems as well as the Eurozone’s troubles have been resolved.

Suggested Citation

  • Soproni, Luminita & Marcut, Mirela, 2013. "Romania, Poland. Two Countries, One Wish: Joining the Eurozone," MPRA Paper 53013, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:53013
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    File URL: https://mpra.ub.uni-muenchen.de/53013/1/MPRA_paper_53013.pdf
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    References listed on IDEAS

    as
    1. Francesco Paolo Mongelli, 2008. "European Economic and Monetary Integration, and the Optimum Currency Area Theory," European Economy - Economic Papers 2008 - 2015 302, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
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    More about this item

    Keywords

    Romania; Poland; convergence criteria; Eurozone; Economic and Monetary Union; economic crisis;

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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