The current paper offers an analysis of the speeches about Romania's accession to the Eurozone of the main personalities from the political and economic field in Romania. Adherence to the European single currency represents a political decision that should be closely linked to an objective...

The cross-country relationship between the relative price level and the relative GDP level is found to be significant and stable for EU member states over the period 1997-2006. The joint dynamics of price and GDP levels tend to gravitate towards the regression line but there is no shorter-term...

According to documents of the Government of the Czech Republic and the Czech National Bank, the obligation to join the euro area should be met “as soon as possible”. However, the original date of 1 January 2010 has been cancelled, without setting a new date, even though the Czech Republic...

In this paper we analyse real convergence in GDP per worker in the EU member states. The aim is to test whether there is evidence of club convergence in the EU, i.e. divergence in GDP per worker. Evidence in favour of cluster or club convergence may be an indication of significant productivity...

The cross-country relationship between the relative price level and the relative GDP level is found to be significant and stable for EU member states over the period 1997-2006. The joint dynamics of price and GDP levels tend to gravitate towards the regression line but there is no shorter-term...

The unfolding of the crisis in the Eurozone can be explained by the interaction of institutional features and policy failures, and by their interconnection with real and financial imbalances. The crisis has shown that internal divergence in the EZ is based on important structural components...

This paper reports the progress of nominal and real convergence of Spain, Portugal and Greece during their accession to the Economic and Monetary Union (EMU). When the EMU was designed, it was hoped that it would induce nominal convergence (convergence of interest rates and inflation rates) and...

According to documents of the Government of the Czech Republic and the Czech National Bank, the obligation to join the euro area should be met “as soon as possible”. However, the original date of 1 January 2010 has been cancelled, without setting a new date, even though the Czech Republic...