News » June, 2011 » 13 June 2011
Financial Times: Eastern European states postpone decision to join euro
13.06.2011, 17:14 | Finance-Banks | 977 views
Eastern European states postpone a decision to join euro and Romania’s target to join euro zone in 2015 is beyond surface, a useful mechanism to control the governing coalition to keep the state’s pockets in check before elections, Financial Times reads, quoted by Romanian news agency Mediafax. President Basescu declared for FT that even though Romania can comply with the fiscal criteria for the euro zone it will analyze carefully whether it is in its own interest to do so. It is easy to meet the criteria on the budgetary deficit and inflation but we need to see how competitive the economy is, Basescu said. Read more on Hotnews.ro
|
Latest news in category Finance-Banks
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...
|
|
