The Euro Area Crisis Impact On Candidate Countries

Since 2007, the economic and monetary situation in the euro Area has been seriously affected by the developments generated by an ongoing crisis. The status and evolution of candidate countries took a sudden turn, criteria fulfillment had to be reconsidered, stability became an issue and the Euro adoption has been put into a different perspective. Current candidate countries, including Romania must approach the Euro Area membership in more restrictive and rigorous manner. This paper aims to present a brief assessment of recent developments concerning the Euro adoption process.