The Euro 50 Group Roundtable: The dangers of inflexibility


The accession process is currently masterminded by the European Commission1. This is a massive task that deals with a huge range of issues from the essential to the mundane. This is largely a mechanical task, since there is not much to be discussed: the accessing countries must take on board all the acquis, as was decided a decade ago in Copenhagen.

New countries, old rules

However, the case of the exchange rate regime requires special treatment. The road map envisions a transition period that

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