National Bank governor Mugur Isarescu: Romania can still adopt the euro by 2014

Romania is still able to adopt the euro in 2014 as planned, if it manages to reduce inflation rates and the current account deficit, Romania’s National Bank governor Mugur Isarescu declared for Agence France Presse on Monday . He added that the bank might decrease the inflation estimation, after in August the bank increased the estimation by 0.6 points to 6.6%.

Isarescu declared that by the end of the year Romanians might witness a nice surprise as the inflation rate might drop below 6%. In order to enter the euro zone, a country’s economy must fulfill five convergence criteria among which an important one is a stable, controlled inflation rate.