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Romania’s Short-Term Measures Should Not Affect Euro Adoption In 2014 – Fin Min

The short-term measures taken by the Government should not affect Romania’s medium and long-term objectives, namely entering the European exchange-rate mechanism ERM2 in 2012 and euro adoption set for 2014, finance minister Gheorghe Pogea said Tuesday.
Romania’s Short-Term Measures Should Not Affect Euro Adoption In 2014 - Fin Min
31 mart. 2009, 11:46, English

"The short term measures should not cause gaps in the five convergence criteria," Pogea said during the seminar "Mediafax Talks about Business Solutions to Crisis".

Pogea said the government has four major targets, among which curbing the economic growth slowdown, protecting population’s economic interests, especially the low income households, and restraining the purchasing power fall.

ERM2 is an exchange rate agreement made with countries wishing to join the eurozone. EU countries that have not adopted the euro are expected to participate for at least two years in the ERM2 before joining the euro area.