Euro Adoption in Romania: For or Against?

Abstract

By joining the European Union, Romania has agreed to adopt the euro currency as soon as the Maastricht criteria has been met. But the timing of the accession depends on the national government and the convergence progress. The remaining question is not if Romania will join the eurozone, but when. In order to answer this question, all the benefits and costs associated need to be carefully considered. Also, another important aspect is represented by the general public opinion. The purpose of this paper is to analyze the advantages and disadvantages linked to the euro currency adoption and to understand how willing the population of Romania is to undergo such an important change.

Keywords

• euro adoption
• eurozone
• romania
• advantages and disadvantages