CHOICES OF A SUSTAINABLE GROWTH
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Authors:
• Andrei Mihai CRISTEA, email: cristeaandm@yahoo.com, Afiliation: Hyperion University, Bucharest, Romania
• Miron DUMITRESCU, email: miron_hyp@yahoo.com, Afiliation: National Institute of Economic Research - Romanian Academy, Bucharest, Romania
• Dan Gabriel CRISTEA, email: dancristea2@yahoo.com, Afiliation: Hyperion University, Bucharest, Romania
• Eduardt Petrică SAMOILĂ, email: eduardt.samoila@yahoo.com, Afiliation: Hyperion University, Bucharest, RomaniaPages:
• 17|24 -
Keywords: real convergence; economic growth; economic benefits
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Abstract:
The article refers to the main pros and cons of the optimal currency area membership. Each country has the right to choose if it wants to be part of an economic Union, but this implies taking over certain specific costs but also gaining some benefits. On its way to the euro currency, our country must fulfil real convergence criteria, which create problems although they are not mentioned in any treaty. The article presents the current situation in Romania, but also some benefits of adoption, focusing on the risks of adopting the euro in a very short time.
