TEPSA is happy to present its new policy brief “Euro or no Euro, that is the question”, written by Petr Kratochvíl (Senior Researcher at the Institute of International Relations, Prague, Czech Repuplic) and Zdeněk Sychra (Assistant Professor at the Masaryk University, Brno, Czech Republic).

The authors argue that the policy of indefinitely postponing the adoption of the single currency is going to fail soon. The Eurozone is preparing for further integration, and the cleavage between the Eurozone and the rest of the EU member states will grow even deeper. The brief concludes that the time has come for the non-Euro countries to decide whether to join the Eurozone soon or accept the risk that their future Eurozone accession will be difficult and painful.