Let Eastern Europe Join the Euro
Marcin Piatkowski, Kozminski University, Warsaw | December 17
The criteria for joining the euro "make little economic sense for euro-zone candidate countries in Central and Eastern Europe." ++ Inflation targets are "flawed" and keep Poland and the Czech Republic from joining quickly. ++ "Accession for all new EU member states would not complicate euro-zone monetary policy" since they would make up less than 10% of GDP. ++ If compared with the dollar, the euro could not pass its own joining criteria. ++ To keep postponing euro memberships can be seen as saying the euro cannot help in a crisis.
