Publication

In light of the eurozone crisis at the end of 2009 and subsequent redesign of the shared currency's institutional architecture, this paper discusses whether the reformed conditions still make the eurozone attractive enough for the Central and Eastern European (CEE) countries to want to join the currency, or whether the reforms discourage entry. The author contends that although the crisis-induced reforms in make the prospect of joining the eurozone more attractive on balance, the changes also require more caution regarding the entry process from the candidate countries as compared to in the pre-crisis state.