• Media type: E-Article
  • Title: Euro Adoption: Is It Reversible?
  • Contributor: Puiu, Cristina [Author]
  • imprint: Iasi: Alexandru Ioan Cuza University of Iasi, Centre for European Studies, 2010
  • Language: English
  • ISSN: 2067-7693
  • Keywords: euro ; European Union ; Maastricht Treaty ; European Central Bank ; reversibility ; euro area
  • Origination:
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  • Description: Starting from 1999 sixteen countries have adopted euro as a single currency. Considering that the Maastricht Treaty stipulates that all the European Union countries must adopt euro once they meet the requirements stipulated it is not a question of “if to join the euro area”, but rather of “when”. Therefore adopting euro currency is not and it should not be a reversible process. The decision to participate the monetary union represents the expression of a decision to move forward, while leaving it would be nothing else but a step back.
  • Access State: Open Access
  • Rights information: Attribution (CC BY) Attribution (CC BY)