EUROZONE: EXIT STRATEGIES

Abstract

While for Eurozone entry there are convergence criteria, out of this area there are not accompanied by such criteria. Both the Eurozone and the EMU are deficient due to lack of these criteria. They must quickly proposed. People have learned that nothing is eternal, immutable, and after several millennia of history had to know that when they make conventions for creating and recognizing an entity, especially for entry into this entity, they should propose criteria for exit / the lack of recognition of that entity.

Keywords

• convergence criteria
• Economic and Monetary Union (EMU)
• Eurozone