Ban in HuffPo: Trouble in the Eurozone
Cornel Ban, Assistant Professor of International Relations at the Frederick S. Pardee School of Global Studies at Boston University, said that the recent travails of Greece in negotiating a bailout with the rest of the Eurozone meant that nations that were considering adopting the currency, such as Romania, are carefully weighing their options.
Ban made his case in a July 25 article in the Huffington Post entitled “The Euro Is In Trouble. But Romania Still Wants In.”
From the text of the article:
Cornel Ban, an international finance expert at Boston University who was born and raised in Romania, said that Romania often follows the lead of Poland, a larger and wealthier country. He said Poland’s recent public skepticism about joining the eurozone after the Greek ordeal makes it less likely that Romania will be joining soon.
“It is going to be very hard to explain to people after the Greek crisis what the cost of joining the eurozone would be,” Ban said. “I think in 2009 we would have gone in without the debate… A lot of people are looking at Greece, saying this is a situation we would be in too.”
You can read the rest of the article here.
Ban, who co-directs the Pardee-affiliated Global Economic Governance Initiative, is currently completing a book manuscript on the political economy of crises, with a focus on the role of economic ideas and the interaction between international and domestic actors. Learn more about him here.