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September 18, 2019
BUSINESS

German Ambassador: Romania should not hurry to adopt the EUR, nor should give up

His Excellency Andreas von Mettenheim, German Ambassador to Bucharest, stated in an interview for ‘Romania Libera’ that he supports limiting the budget deficit to 3 per cent through the Constitution, carrying on with the austerity measures and avoiding expenditures that have an electoral character. “Restoring confidence is the most important thing now for Romania. I also believe these actions to restore confidence are supported by the current policy that aims at budget recovery measures,” Berlin’s envoy considers.

He underlined that he is of the opinion that for Romania there is a profound conditionality that starts off from the International Monetary Fund. Also, Romania joined the Euro Plus Pact, which means she takes responsibility for a sustainable economic growth, the Ambassador explained. He also pointed out that Romania should not hurry to adopt the EUR before setting her house in order, but that does not mean she should give up the idea. The Ambassador also considers that Bucharest still has a lot to do in the fight against corruption. Nevertheless, he hopes there will be a favorable decision on Romania’s accession to the Schengen Area. “First of all I would like to clarify an aspect. Germany supports Romania’s full accession to the Schengen Area,” von Mettenheim explained. On the other hand, novinite.com reported Sunday that the German Interior Ministry has no intention whatsoever to reverse its negative opinion on the readiness of Romania and Bulgaria to enter the Schengen Area. “At present, Sofia and Bucharest are still not ready to join the Schengen Agreement,” the site quoted German Internal Affairs Minister Hans-Peter Friedrich as saying.

Referring to President Traian Basescu’s statement about the need to create the United States of Europe as soon as possible, the Ambassador considers that the President has all the right and the justification to develop a long-term vision concerning the European Union’s evolution. “Mr. Guido Westerwelle, our Foreign Affairs Minister, who is younger than I am, stated that he hopes to see this desideratum – the United States of Europe – accomplished.”

Concerning the rescuing of the EUR, Andreas von Mettenheim considers that saving the EUR is a justified move. “We, the Germans, – and this is well known – have taken and are taking advantage the most from this common development of European markets,” the official added. Referring to the Eurobonds’ situation, the Ambassador considers it problematic, the debate taking place in Germany being very heated.

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