ECONOMIC CONVERGENCE AND EURO INTRODUCTION IN THE NEW EU MEMBER STATES

Ramona Orastean (toma) () and Virgil Nicula ()

Theoretical and Applied Economics, 2007, vol. 6(511)(supplement)(vol2), issue 6(511)(supplement)(vol2), 17-24

Abstract: Until the introduction of the Euro, the new EU member states have to reach a high degree of sustainable convergence that assures the adoption of the common currency. While Slovenia joined the Euro Zone on January 2007, most countries are struggling to meet the convergence criteria, especially those regarding inflation, budget deficits, stability of exchange rate and legal compatibility. Many countries have dropped target dates for Euro introduction Euro. According to forecasting, the Baltic States, Poland, the Czech Republic, Hungary, Romania and Bulgaria are expected to wait for Euro until the next decade.

Keywords: economic convergence; Euro; advantage; disadvantage. (search for similar items in EconPapers)
Date: 2007
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