Maastricht Treaty and adopting the Euro

integration process. The integration into the Euro zone implies the transfer of development and monetary policy management by the European Central Bank, an institution whose actions are undertaken in a uniform manner in the Euro area, without taking into account the particularities of national economies, whose degree of homogeneity is assumed to be high. In this context, prior to adopting the Euro currency, it is essential that the national economy to undergo the necessary adjustments for the Euro area integration. Since participation for a minimum of two years in the Exchange Rate Mechanism II (ERM II) is one of the conditions which must be fulfilled in order to obtain a favorable decision from the European bodies, the integration in this mechanism starting with 2012 is consistent with the objective of Romania's Euro adoption starting with 2015. The same report states that, according with the Maastricht Treaty, the economic evaluation of a European Union (EU) member state in terms of preparation for the adoption of the euro is based on the nominal convergence criteria. Economic indicators target the price stability, sustainability of public finances and indebtedness, exchange rate stability and long-term interest rate developments. Moreover, they are taking into account a number of other relevant factors with predictive role, which utility is considered significant for analyzing the sustainability of the convergence process and the relationship between costs and benefits of adopting the single currency. 2. European Monetary Union – a monetary paradise? What lacks the European Monetary Union to be what we expect from it? 1 is the question that Jacque