Euroization is an important part of what appears to be a new general ten- dency in the world economy, one towards fewer but better monies (Dornbusch, 2001). The main arguments in favour of the European Union (EU) countries adopting a common currency fall, I think, into three categories: (a)...

The primary purpose of this short paper is to consider and give preliminary answers, with respect to the main EU candidate countries, to the following questions: 1. Has macroeconomic stability already been, or is soon to be, accomplished? 2. Do these candidate countries comply with the most...