EURO ADOPTION: IS IT REVERSIBLE?

Cristina Puiu ()
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Cristina Puiu: Alexandru Ioan Cuza University of Iasi, Romania

CES Working Papers, 2010, vol. 2(4), issue 4, 33-37

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.

Keywords: euro; reversibility; European Union; euro area; European Central Bank; Maastricht Treaty (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:jes:wpaper:y:2010:v:2:i:4:p:33-37

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