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    STUDIA EUROPAEA - Issue no. 2 / 2006  
         
  Article:   FROM THE EU TO THE MONETARY UNION: STRATEGIES FOR NEW MEMBER STATES.

Authors:  ALINA VASILE.
 
       
         
  Abstract:  The last enlargement of the European Union is by far a closed process. The new member states have still to integrate into the economic and monetary union. This paper tries to demonstrate that the monetary integration is not going to be a ʹBing Bangʹ. I will attempt to prove that a gradual, progressive process suits better the interests if the EU. By focusing on divergence, restrictions of the Exchange Rate Mechanism, and entrance parity, I will explain why the monetary enlargement should include first the small countries, and only later involve the large countries.  
         
     
         
         
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