BUSINESS

Government gives up on EUR adoption target

The government will send to the European Commission (EC) a convergence programme that will no longer include – like in the past years – a target for the adoption of the European single currency, inform official sources. “The convergence programme will once again include this target when Romania will comply with the real criteria,” added the sources. The information was later confirmed by PM Victor Ponta, who said that the convergence programme was adopted by the government without maintaining such a target.

“The accession to the euro zone remains a fundamental goal for Romania, but we cannot join it unprepared, because it would be bad for us, as a country, and also for the other members of the euro zone,” Ponta explained. Asked if the decision not to include a target is more about what happens in Romania, or what happens in the euro zone, the premier answered that both situations were taken into consideration.

 

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