Is 2015 too soon for euro adoption in Romania? Learning from the case of the pigs nations

Abstract

The date at which Romania will adopt the Euro is a topic that was subjected to a lot of controversy. First because the initial date of 2014 was postponed, secondly because meeting the convergence criteria doesn’t necessary mean a successful accession to the Eurozone. Considering the case of the PIGS nations, which all hadn't met the convergence criteria, their economy got in a very delicate state after adopting the new currency. Based on their case and economic forecast, 2015 might be too early for Romania to join the Eurozone.