In: Economics
Conduct an Internet search to ?nd out which country is the most likely candidate to join the Economic and Monetary Union (EMU) next. What are the pros and cons for that country from joining the EMU, particularly in light of the travails of countries like Greece that are in the EMU currently?
Economic and monetary union(EMU) is union of countries with same monetary and fiscal policies. The member countries have same currency “Euro”.
The country is Bulgaria, most likely to join the economic and monetary union next as it currency is pegged to the Euro since 1999 and its economy is in good shape with effective monetary and fiscal policies.
Pros of joining EMU:
Cons of joining EMU