Why Wait for the Euro?

Although the EU's eastward enlargement has not yet happened, the debate is already shifting to ask what will follow: when should the new, predominantly postcommunist, members adopt the euro? Assuming that they comply with the Maastricht Treaty's provisions concerning the EMU - and are not unfairly held to more stringent criteria - the core issue is whether new members would benefit more by waiting or whether they should seek early entry.

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