ROMANIA-ADVANTAGES AND DISADVANTAGES OF INTRODUCING THE EURO

• Main Author: DOREL DUMITRU CHIRIŢESCU
• Format: Article
• Language: English
• Published: Academica Brâncuşi 2013-08-01
• Series: Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
• Subjects: euro area; economic benefits; geopolitical conditionality
• Online Access: http://www.utgjiu.ro/revista/ec/pdf/2013-04/7_Chiritescu%20Dorel.pdf

In the process of adopting the single currency, Romania is forced to think carefully about its strategies because sucha process is complex and involves, as everyone knows, both advantages and disadvantages. Depending on theapproach or the distance to the euro area in economic and civilizational terms, the first category or the second mayprevail. If in the common mentality it is estimated that the euro would be accompanied only by advantages, expertsmust know that important disadvantages can also appear and which are their harmful effects on medium and longterm on the economy and society. We plan to begin this subject by showing that Romania is not fully prepared tomove to a single currency and euro adoption at this time would cause great disservice for our economy, underminingfuture efforts towards compatibility and closeness.