euro area

German Chancellor Angela Merkel on Thursday said in a joint news conference with Romanian President Traian Basescu that Romania has confirmed its intention to join the euro area in 2015, adding she respects this intention and she knows the efforts required by the people during tough reforms.

The Romanian Government is currently working on a strategy to speed up Romania's euro adoption, before 2014, the established date for its eurozone entry, Romanian Prime Minister Emil Boc said Wednesday.