CHALLENGES OF THE EURO AREA
Napoleon Pop and
Valeriu-Ioan Franc
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Valeriu-Ioan Franc: National Institute for Economic Research “Costin C. Kiritescu”, Romanian Academy, Bucharest, Romania
Journal of Financial and Monetary Economics, 2019, vol. 7, issue 1, 8-15
Abstract:
Any attempt to follow a practical path for adopting euro, in the case of EU member state enjoying the waver in order to reach the stage fully complying with the Maastricht criteria, has to pay attention to the changing environment in many terms, which can influence a good preparation. In fact, in the case of Romania, the present time is not an easy one to follow the political engagement for adopting euro. We can consider that there exists a political decision backed with a quite consistent national support. There is plan for preparations consensual adopted by the representatives of the parties attending the works of the special National Commission dedicated to work out several important documents supposed to unify the efforts Romania being able to be approved as member state of Eurozone in 2024. In this presentation, we concentrate on the topics recalling some of the main challenges confronting Eurozone, considered important for the time being. The list of them is more extensive. In a study worked out in 2020 within the Institute of World Economy of Romanian Academy they should be treated appropriately.
Keywords: financial crisis; euro; Eurozone; challenges; EMU; EU budget; ECB. (search for similar items in EconPapers)
JEL-codes: E58 F15 G01 O52 (search for similar items in EconPapers)
Date: 2019
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