Government gives up plans to join euro in 2015 - financiare.ro
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News » April, 2011 » 25 April 2011

Government gives up plans to join euro in 2015
25.04.2011, 16:37 | Finance-Banks | 617 views



Government gives up plans to join the euro zone in January 2015, a deadline announced regularly in previous years and advanced just the plan to join ERM II, the European mechanism of exchange rates in the 2013 – 2014 interval, a document obtained by news agency Mediafax which the Executive plans to send to the European Commission reads.

The estimated time to join EMR II was introduced in the convergence program for 2011 – 2014. The document does not contain any mention that Romania plans to join the euro zone in January 2015 and thus adopt the euro. Entering ERM II, the European mechanism of exchange rates is a pre step for joining the euro zone.

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