ROMANIA’S ACCESSION TO THE EURO AREA
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Authors:
• Carmen ALBU, Afiliation: Doctoral student in Economics, National Institute of Economic Research, Romanian AcademyPages:
• 6|16 -
Keywords: Euro area; nominal convergence; single currency; Maastricht Treaty.
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Abstract:
Romania's decision to join the European Union was a strategic orientation embraced practically all the political forces of the country and the overwhelming majority of the population. Romania's accession to the European Union determined invariably joining the euro area, which gives full content integration in EMU. Joining the euro area is forcing Romania to meet the conditions set by the Maastricht Treaty in mitigating and eliminating gaps as quickly as possible. Article demonstrates that the single currency, the euro, is a strategic objective of great importance when the decision is actually implemented will be evaluated carefully to see what are the advantages, and limitations that this approach entailed.
