eurozone

EU Regional Policy Commission: Eurozone Accession Should Improve Standard Of Living

The EU Commissioner for regional policy, Corina Cretu, said on Monday that Romania’s accession to Eurozone is an “aspiration which should be followed”, as improvements in both standard of living and economic growth should be her country’s main objectives following the accession.

President Enacts Bill Establishing Committee For Accesion To The Eurozone

Romanian President Klaus Iohannis enacted on Monday a decree which establishes a national committee for the country’s adoption of the Euro currency, and also sets a calendar for acceding to the EU’s Exchange Rate Mechanism (ERM II).

Finance Minister: Romania Will Adopt Euro In 2024

Romanian Finance Minister Eugen Teodorovici said on Friday that the ministry decided for Romania to adopt the Euro in 2024, adding that the full calendar of the transition stages will be presented next week.

President: Romania Will Not Accede To The Eurozone Too Soon

Romanian President Klaus Iohannis stated on Thursday that Romania’s adoption of the Euro will not happen soon due to internal delays, though also announced that he will restate the country’s intention to accede to the Eurozone in a Euro Summit meeting.

Romania Must Analyze Whether Euro Adoption Still Possible In 2015 – Pres

Romanian President Traian Basescu said Thursday that authorities should analyze whether it is still possible for Romania to adopt the euro in 2015, as the Eurozone can no longer support weak economies.

Romania Must Be Fully Prepared To Join The Eurozone – Ctrl Bk

A slight delay in joining the euro area would be less harmful than moving to adopt the euro before being fully prepared, Romanian central bank governor Mugur Isarescu said Thursday.

Romania Wants Maastricht Criteria Relaxed To Ease Access To EU Money

Romania wants to be treated equally as eurozone countries to have easier access to EU funds and will ask EU authorities to relax Maastricht criteria, President Traian Basescu said late Thursday.