Home Volumul 1 NOMINAL CONVERGENCE CRITERIA AND THEIR LEVEL OF PERFORMANCE IN ROMANIA AND EU COUNTRIES

NOMINAL CONVERGENCE CRITERIA AND THEIR LEVEL OF PERFORMANCE IN ROMANIA AND EU COUNTRIES


Monica Mulcuţa
”Vasile Goldiş” Western University Arad, This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Abstract
What are the perspectives for the Central and Eastern European countries to join the euro
zone in a not too distant future? Shortly the things are open. Some of the Maastricht criteria
would be more difficult to accomplish by several countries in this area in a short or medium
term because the fiscal policy might be needed to support economic recovery. One possible
course of action would be that the European Central Bank financially supports the Central
and East European countries that really need this help, treating them as membres “de
facto”of the euro zone. Considering the data presented we can say that the nominal
convergence with the European Union, concerning the emerging economies of Central and
Eastern Europe is well underway and it will continue for many years, given the gaps in
many of these countries.
Keywors: convergence, creiteria, euro zone, economies, gaps.

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