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Will the CEECs that are part of the EU benifit from eurozone( monetary union) membership? yes,why?...

Will the CEECs that are part of the EU benifit from eurozone( monetary union) membership? yes,why? no, why?

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Soln. CEECs that ar part of the EU, in my opinion, would be benefited from the eurozone membership. Firstly, the trade will become easier for these countries as transaction cost will get reduced. Flexible exchange rate would be the added advantage for these countries. But to gain these benefits, internal problems among the countries need to be sorted out. Eurozone also helps in price transparency for the goods and services with common standards and pricing strategies. Due to price control, eurozone will also help in controlling inflation in the member countries. Borrowing and other financial transactions would be performed at low interest rates, leading to efficient money flow. This all factors, would help the CEECs nations after joining eurozone.

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