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January 16, 2021
POLITICS

PM Ponta: Romania wants to join Eurozone in H2, 2019; political consensus is needed

Prime Minister Victor Ponta says Romania wants to join the Eurozone in the second half of 2019 and for that to happen it takes a political consensus.

‘Romania wants to join the Eurozone in the second half of 2019. That is a symbolic moment because at that time Romania will hold the rotating presidency of the EU. But there are some essential steps to be taken in order to achieve the objective. Firstly, we need political consensus that will see us through to 2019. Secondly, we need the involvement in the project of representatives of the business world: employers’ associations, SMEs and trade unions. People have to understand what the switchover to the euro currency means, what the advantages and disadvantages of it are,’ Ponta wrote in a message posted on Friday on his Facebook account.

President Klaus Iohannis, Prime Minister Victor Ponta and National Bank of Romania (BNR) Governor Mugur Isarescu on Thursday discussed Romania switching over to the European single currency, with Iohannis saying he will also consult with the parliamentary parties.

“Given the special complexity of the process of joining the Eurozone, President Klaus Iohannis launched consultations on this topic, so that Romania is best prepared and the adoption of the euro is beneficial to all citizens,” the Presidential Administration explained.

The talks aimed to identify the main steps and responsibilities, in economic and institutional terms, for the single currency adoption in accordance with the commitments taken by the government under the 2015-2018 Convergence Programme.

It was also decided to set up a Coordination Committee for the process, to ensure the planning, coordination and monitoring of the stages and responsibilities necessary for reaching this goal.

 

United Romania Party opposes euro adoption, demands referendum

 

The United Romania Party (PRU) opposes to the adoption of euro and demands a national referendum on the matter.

PRU is against taking this step by an understanding between the parties that are “compromised and willing to sell themselves to whomever keeps them in power,” and requests a referendum instead. President Klaus Iohannis and Prime Minister Victor Ponta could have made a pact on starting to raise Romania out of poverty, instead of plunging it therein forever, PRU head Bogdan Diaconu, MP asserted in a release to Agerpres on Friday.

Diaconu warned that adopting the euro would result in accelerated price increases, which citizens with the same small incomes would not be able to endure; he argued by the alleged experience of other European countries.

“Romanians do not need another currency; they need well-paid jobs, infrastructure, public institutions working in their interest and an economy based on production, not on imports,” he added.

According to him, giving up the national currency is “an act of giving up the national sovereignty and shifting the decision further outside the country.”

 

 

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