Romanian President Basescu insists on euro adoption.

By bne IntelliNews March 18, 2013
It is essential that Romania enters EU's single currency area within a "reasonable period of time", Romanian President Traian Basescu told a press conference in Brussels at the end of last week, while attending the European Council meeting. The convergence to the group of euro zone countries will be harder from outside the group, he hinted. It is nonetheless the government's duty to set the accession schedule and it is not the president who works on meets the accession criteria, Basescu added. The government is supposed to set a new accession schedule after the [still] official January 2015 accession deadline turned unrealistic. Basescu thus reiterated his statement made last week in parliament. He indicated at the time a three-to-four years horizon. By repeating his statement, Basescu responded to public comments that rather underline the need for a preliminary increase of the country's competitiveness and market functioning before the euro adoption.

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