Romania Maintains Goal To Enter Euro Area In 2012 - President

“Romania has understood one fundamental thing about access to the euro zone, namely that the Maastricht criteria are not enough for good performance within the euro area. (…) As such, our conclusion is that we maintain the goal of entering the euro area by 2015, and we maintain it because it comes with important targets, which would be useful if achieved,” Basescu said.

He added that authorities in Bucharest know full well that meeting the Maastricht criteria without a competitive economy will not enable good performance within the euro area.

Wednesday, Adrian Vasilescu, adviser to central bank’s governor Mugur Isarescu, said the central bank doesn’t see the year 2015 as a fixed deadline for the euro adoption, because the date might change, depending on the country’s ability to fulfill the required criteria and on international conditions.