Munich Personal RePEc Archive

ROMANIA AND THE EURO. A RELATIVE POSITIONING AMONG THE CANDIDATES

Tanasie, Anca and Fratostiteanu, Cosmin (2007): ROMANIA AND THE EURO. A RELATIVE POSITIONING AMONG THE CANDIDATES.

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Abstract

For most Eastern European countries that experienced former communist regimes, the EU accession and the use of European symbols – such as the EURO currency – represents both the integration into a strong and efficient economic system, but also the guarantee of a system based on real democratic values. Romania has been the first of this category of states, that has expressed the real and strong attachment for the European Union, its symbols and values. This paper wishes to analyze the key elements concerning Romania’s accession to the EMU and finally the EURO adoption: Romania’s actual macroeconomic situation, the situation of the real and nominal convergence to the accession criteria – in a fuzzy clustering approach in order to determine optimum sequencing of the Euro adoption and the envisaged official calendar for the EURO adoption.

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