Economics, Econometrics and Finance
8 years ago

Euro Adoption Irreversible: Moving Forward or Step Back?

DOAJ (DOAJ: Directory of Open Access Journals)
EURO ADOPTION: IS IT REVERSIBLE?
Cristina Puiu

Paper Summary

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The article discusses the adoption of the euro currency by European Union countries. It argues that once a country joins the euro area, it should not reverse this decision. The researchers believe that joining the monetary union is a step forward, and leaving it would be a step backward. The main idea is that adopting the euro is a one-way process that countries should commit to.