All of the new EU member states (NMSs) have made a commitment to adopt the Euro. This essay considers the countries' economic readiness to adopt the Euro as well as the economic benefits and costs of adoption. Paper applies a method suggested by Bayoumi and Eichengreen ( 1997 ) and finds...
The New European Member States (NMS) are expected to adopt the euro as soon as they fulfil the Maastricht criteria, which means that their nominal convergence has been achieved; but the question is: should those new European members adopt the euro as soon as possible or should they join the...
New EU member statesSignalling gamesThe paper investigates the transition of the new EU countries with a currency board arrangement (CBA) to the euro-zone. The arguments for and against retaining a CBA while participating in the exchange rate mechanism of the EU (ERMII) are discussed. Then, ...
Is EU independence a dream or a new goal for EU member states? We live in a time when the US closes in on itself, China expands, and Russia stiffens. This raises strategic questions for the EU about its response and geopolitical positioning. ...
"While Germany can afford to borrow 200 billion euros on financial markets, some other EU Member States cannot," Breton tweeted. "We need to reflect urgently on how to offer Member States — which do not have this fiscal room for manoeuvre — the possibility of supporting their...
The United States is one of the top consumers of this energy source, and it will only grow in popularity. The Natural Gas Industry Is Extremely Profitable It’s not just that the global demand for natural gas is increasing, but it is also one of the most profitable and diversified energy...
The euro (sign: €; code: EUR) is the currency used by the Institutions of the European Union and is the official currency of the eurozone, which consists of 17 of the 27 member states of the European Union: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland,...
The new grants to COMESA will focus on improving the overall trade competitiveness of COMESA member states and enhancing their market access. COMESA Secretary-General Chileshe Kapwepwe commended the EU for the financial support, saying the two agreements will play an important role in enhancing over...
If the industry, thanks to its importance to the European economy, can basically put pressure on the Commission to u-turn via the member states, where is the incentive to follow them? Our impression is that the auto industry is now, at least politically, too big to fail, and that any ...
The package includes the Chips for Europe Initiative, which will gather all resources in the EU, its member states and third countries associated with the existing EU programs, and a new framework to ensure security of supply and a Chips Fund to facilitate access to finance. ...