The Euro – When and how: three perspectives

In view of the institutional and economic magnitude of Eurozone enlargement, the effects on EU member states – old members as well as new – may in no way be taken lightly. It is, therefore, important to repeatedly confront the issue: “When and how to introduce the euro”. In essence, there are two scenarios for the timing of Eurozone enlargement: “rapid and extensive” or “gradual and slower”. The article presents three different perspectives for looking at both problems: the perspective of accession economies, the European perspective, and the standpoint of researchers who tried to contribute the results of their empirical studies to the overall discussion.