Analysis of Euro Currency in Slovakia

This bachelor thesis mainly deals with the analysis of the Slovak economy since the introduction of the Euro on January 1, 2009 until the January 2015. Thesis further deals with the brief history of the European monetary integration, integration of the Euro in Slovakia and how the development of the Slovak economy was since its independence in 1993 until the introduction of the Euro. It presents how Slovakia was dealing with the meeting of Maastricht criteria and the preparation of citizens of Slovakia for a new currency. In thesis is also stated the impact of the economic crisis on Slovak economy and the impact of the crisis on public finances of the whole Eurozone. It explains European rescue funds the European Financial Stability Facility (EFSF) and the European Stability Mechanism (ESM) and how Slovakia dealt with the introduction of these funds. The analysis itself deals with the development of the Slovak economy, especially the development of the foreign trade and the GDP. The analytical part of the thesis compares the current situation in Slovakia concerning the inflation, growth of minimum wages, labor productivity per hour, growth of the GDP, total public debt and unemployment with the situation in other countries of the Eurozone. In the last chapter are stated opinions of experts about the present and the future situation of the Euro