%0 Journal Article
%T EURO ADOPTION: IS IT REVERSIBLE?
%A Cristina Puiu
%J CES Working Papers
%D 2010
%I University of Iasi
%X 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.
%K euro
%K reversibility
%K European Union
%K euro area
%K European Central Bank
%K Maastricht Treaty
%U http://www.cse.uaic.ro/WorkingPapers/articles/CESWP2010_II4_PUI.pdf