Integration Process Of Slovakia Into The European Monetary Union In Perspective Of Selected Macro-Economic Theories During The Current Economic Crisis

Each national economy anticipates mostly positive effects after joining the Euro. Positive expectations are logical, since every new country admitted to the EU pledges to join the Monetary Union and till the admission has the status of a member state with a temporal exemption for the joining of the Euro. According to the macro­economic results, there is usually an illusion present that the membership in the Eurozone itself absorbs the progress of the global recession. On the other hand, in favor of the membership in the Eurozone speaks the fact that all countries admitted had to rigidly fulfill the Maastricht Convergence Criteria leading to the medium­term guarantee of a healthy and long­term sustainable economy.