Publications - Working Papers IER SAS

The paper that ensues from the own-initiative opinion elaborated for the European Economic and Social Committee deals with the planned enlargement of the euro area. It focuses on the following two issues: readiness of the euro area for its enlargement and readiness of the new EU Member States for adoption of the single currency. In the first part, authors record the EESC opinions on this topic. The second part focuses on benefits of introducing the euro, problems in the euro area, issues of single monetary policy and fiscal policy coordination. The third part evaluates readiness of the new EU Member States for euro area entry regarding their nominal, real and structural convergence. Conclusions include recommendations of authors to both candidate countries and the current Member States.