NOMINAL CONVERGENCE CRITERIA AND THEIR LEVEL OF PERFORMANCE IN ROMANIA AND EU COUNTRIES
What are the perspectives for the Central and Eastern European countries to join the eurozone in a not too distant future? Shortly the things are open. Some of the Maastricht criteriawould be more difficult to accomplish by several countries in this area in a short or mediumterm because the fiscal p...
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| Format: | Article |
| Language: | English |
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Vasile Goldis University Press
2011-01-01
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| Series: | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
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| Online Access: | http://www.uvvg.ro/studiaeconomia/images/2001/v1/28.%20NOMINAL%20CONVERGENCE%20CRITERIA%20AND%20THEIR%20LEVEL%20OF%20PERFORMANCE%20IN%20ROMANIA%20AND%20EU%20COUNTRIES.pdf |
| Summary: | What are the perspectives for the Central and Eastern European countries to join the eurozone in a not too distant future? Shortly the things are open. Some of the Maastricht criteriawould be more difficult to accomplish by several countries in this area in a short or mediumterm because the fiscal policy might be needed to support economic recovery. One possiblecourse of action would be that the European Central Bank financially supports the Centraland East European countries that really need this help, treating them as membres “defacto”of the euro zone. Considering the data presented we can say that the nominalconvergence with the European Union, concerning the emerging economies of Central andEastern Europe is well underway and it will continue for many years, given the gaps inmany of these countries. |
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| ISSN: | 1584-2339 2285-3065 |