Ec500 Paper Turkeys Currency And The European Union

Turkey’s Currency and the EUStudent NameCourse Name and NumberInstructor’s NameDate Submitted Turkey’s Currency and the EUThe issue of Turkey joining the EU is a popular topic among political and academic communities together with the European public at large. The issue with Turkey’s accession to EU is the challenge posed to Turkey and EU given Turkey’s current economic, political, and social role and state. Joining EU requires Turkey to convert from using the Lira as the currency to Euro, which is in line with all other EU members. These and other issues arise as most people wonder how the world economy receives yet another EU member state. These uncertainties arise because the world economy keeps evolving and changing in terms of structural developments and operations, meaning further conflict might arise as a result of changing variables in the market such as energy prices.The accession appears to have positive and negative repercussions on both Turkey and EU. While hopes are high that Turkey’s economy and geopolitics would benefit from the accession, others fear the process would completely interfere with the European project apart from destroying EU’s original rationale. In this sense, Turkey’s accession could be