Mugur Isárescu: "Romania Could Discuss the Adoption of the Euro in About Five Years if the Budgetary Deficit Falls Below 3%"

romaniatv.net

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The prospect of accession to the euro area is one of the most distant for Romania, since our country no longer meets the only criterion which has previously been removed, the external debt of less than 60% of GDP. The government article BNR, Mugur Isárescu, announces when Romania enters the euro currency: "When we succeed in bringing the budget deficit to 3% we start to discuss" appears for the first time in Romania TV.

Digi 24

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Romania could start concrete discussions on accession to the euro area for about five years, but only under conditions where the budget deficit will be reduced by 3% and the economy will be able to maintain a sustainable growth, said Wednesday...

Ziarul Unirea

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The Governor of the National Bank says that , probably in 5 years , Romania could start a serious discussion on the accession of the euro area , says , "probably in 5 years" Romania could start a serious discussion on the accession of the euro area Mugur Isárescu, the Governor of the National Bank of Romania, said that Romania could start a serious discussion on the entry into the euro area in 5 years . He said that the moment should be analysed…

Stirile Antena 1 Observator

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European money is Romania's chance to avoid economic collapse. In the hardest period for Romanians, the BNR is issuing a firm warning: the decline in consumption could plunge us into crisis if the state does not make massive investments to cover the hole. Mugur Isărescu, not at all optimistic, says that we are walking on thin ice and it will be difficult to avoid a real recession anyway.

radiomoldova.md

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The Governor of the National Bank of Romania, Mugur Isárescu, has today put an extensive diagnosis of the economy and suggested a number of medicines. “The consumption of the population in decline is severe”, said Isárascu, describing a country already common: “lower exits in the city, less purchases of clothing articles, less holidays, less important purchases (...) is a major decline”.

romania-actualitati.ro

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BNR Governor: Romania could start discussions on entry into the euro area within five years if the budget deficit reduction programme below 3% of GDP falls below 60%.