Euro Currency

Table of Contents A. Brief Background.............................................................................................pag.1 A brief introduction regarding the euro and euro zone B. wherefore? ...............................................................................................................pag.2 Why is Romania adopting the euro? C. How? .............................................................................................................pag.11 Romanias St castgy towards Euro Adoption D. Good or unwholesome? ................................................................................................pag.16 Advantages and disadvantages of adopting the euro in Romania E. How do Romanians feel about killing the social lion?.........................................pag.17 Statistical analysis of the public opinion F. Conclusions....................................................................................................pag.20 Bibliography 1. Brief Background on the EURO On the 1st January 2007, Romania became a new member of the EU together with Bulgaria. The next important step towards Romanias European integration will be implementation of single European currency.

For adopting the euro an EU member state would have to meet the pastime criteria for nominal convergence, as stipulated in the Maastricht Treaty[1]: Inflation range measure: the inflation rate should non exceed more than 1.5% the mediocre inflation rate of the three best-performing EU members in scathe of price constancy; Interest rate criterion: the absorb rate on bonds issued with a 10 years maturity date should not exceed more than 2% the average rate of the three best-performing EU countries in terms of price stability; Budgetary deficit criterion: budgetary deficit should not exceed 3% of GDP; Government debt criterion: establishment debt should not exceed 60% of GDP; Exchange rate criterion:... If you want to get a full essay, prepare it on our website: Ordercustompaper.com

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