The opportunity for the euro’s introduction in Romania and Hungary

  • Tímea Ölvedi
  • Gábor Miklós

Abstract

After 2004, more than half of the 13 countries that joined the EU, 7 have already joined
the eurozone, too, while 6 countries, including Romania and Hungary, the subject of our
research have not yet to join. Moreover, apart from some press releases it does not even seen
when Prage, Warsaw, Zagreb and Sofia beside Budapest and Bucharest enter the ERM-II
system, which is considered the euro hall. Therefore, in our paper, we examine the trade
and economic indicators for the two chosen countries that are not included in the Maastricht Convergence Criteria, at the same time we do not think it is possible to set aside them if
we want to use the European single currency in the future in a sustainable way. We prepesent our work as a thought-provoking, and we would like to contribute with our analysis to
the possible biggest domestic macroeconomic changes in the next decade. In our view, only
the smallest challenge is the introduction of the euro from the perspective of the real economy. Greater efforts will be made by sustainable economic development in the euro area.

Published
2019-11-11
How to Cite
Ölvedi, T., & Miklós, G. (2019). The opportunity for the euro’s introduction in Romania and Hungary. Köz-Gazdaság - Review of Economic Theory and Policy, 14(3). Retrieved from http://retp.eu/index.php/retp/article/view/197