The Еuro area enlargement amid different crises
is it possible?
DOI :
https://doi.org/10.60054/PEU.2022.9.24-36Ключови думи :
euro area, enlargementАбстракт
Currently two third of the EU Member States are also members in the euro area. However, the euro was established and it was always perceived to be the single currency of the whole EU. Out of the eight EU Member States that are currently outside the euro area, only Croatia is on the very final stages for adopting the euro. It is planned to happen on 1 January 2023. The other non-euro area EU Member States are far from adopting the euro, with the possible exception of Bulgaria that joined ERM II and the Banking Union in 2020. At the same time, the EU experiences recently several crises and challenges. Is it possible to have in medium term substantial euro area enlargement amid so many crises and challenges for the EU? This is the main question for which the current paper will try to find
concrete answers.
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