The Integration in the Economic and Monetary Union: when?

Abstract

The goal of this article is to analyze the advantages and disadvantages of adopting a unique European currency. Also, we aim at revising the new question marks raised by the current economic and financial context towards the sustainability of the Euro zone. The conclusion is that, although some countries are postponing the moment of adopting the Euro, they have trust in the future and solidity of the Economic and Monetary Union (EMU) and are prepared to adopt the unique European currency on a shorter or longer term. The countries’ fears are not related to the existence of the EMU itself, but they are rather waiting for a more suitable moment, characterized by a less troubled economic environment.

Keywords

• unique currency advantages