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Abstract:
The present paper discusses legal aspects of the introduction of the euro in selected countries of Central and Eastern Europe: Slovakia, Estonia and Latvia. The choice of countries was dictated by the chronology of accession to the European Monetary System, attributable to differing conditions in the macroeconomic environment. Slovakia was incorporated into the system in 2009 – the year in which the first phase of the financial crisis started, Estonia – in 2011 – in which the financial crisis was very intense, Latvia – in 2014 – the year in which the first symptoms of post-crisis economic recovery were observed. This article is an attempt to analyze and synthesize the regulation of different legal systems, whose introduction and adaptation to European Union law is one of the key conditions for effective implementation of the euro in domestic orders.
