EIRP Proceedings, Vol 8 (2013)

Abstract

The following paper represents a summary of the main challenges that Romania is facing regarding the accession to the eurozone. The adoption of the single currency in Romania is a nationwide intensely debated topic. Policy makers have set the year 2020 for the completion of this process, so steps are being taken in order to achieve the economic and monetary conditions needed to join the eurozone. Studying the preparation of the Romanian economy for the integration into the Economic and Monetary Union is of great importance for the economic and political environment as well as the academic one. A major regime change, as the monetary unification, is clearly made when there are strong motivations given by benefits, but such a change involves costs, risks and difficulties.