The Divergent Attitudes towards Euro Adoption in the Czech Republic and Slovakia amidst European Integration: Historical, Political, Economic, and Civic Perspectives

DOI

10.2991/978-2-38476-126-5_135How to use a DOI?

Keywords

Euro; European Integration; EU Eastern Enlargement; The Czech Republic; Slovakia

Abstract

As the European Union (EU) currency, the euro holds significant implications for participating countries. While the Czech Republic and Slovakia are among EEA countries, each nation has adopted varying approaches towards the euro. This study compares and analyzes both countries’ respective attitudes towards the euro throughout the European Integration process. A comprehensive exploration of their historical backgrounds, economic development, EU eastern enlargement, and the factors behind the Czech Republic’s refusal to adopt the euro provide the analytical framework for this research. The findings suggest that historical, political, economic, and civic factors have informed the divergent attitudes towards the currency held in each nation. While the refusal of the Czech Republic to adopt the euro lies in its anxieties around macroeconomic stability, exchange rate, and sovereign debt risks – Slovakia’s adoption has solidified its economic development and integration with European markets. The study’s conclusion emphasizes the need for a thorough, nationalistic evaluation of the euro adoption process, aligned with each country’s distinct interests and not governed by the EU’s political objectives.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Longtai Zhang
AU  - Yanran Liu
AU  - Xiaoyao Zhou
PY  - 2023
DA  - 2023/10/31
TI  - The Divergent Attitudes towards Euro Adoption in the Czech Republic and Slovakia amidst European Integration: Historical, Political, Economic, and Civic Perspectives
BT  - Proceedings of the 2023 7th International Seminar on Education, Management and Social Sciences (ISEMSS 2023)
PB  - Atlantis Press
SP  - 1215
EP  - 1236
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-126-5_135
DO  - 10.2991/978-2-38476-126-5_135
ID  - Zhang2023
ER  -