Romania hopes to introduce euro in 2014

The Government approved the Convergence Program, an official press release on Wednesday informs. Romania will join the European Mechanism for Exchange rates and targets the introduction of the European currency in 2014.

„According to the European regulations, each member state builds and presents such a program. It is a technical document, but it’s still an important one” said the governmental spokesperson, Oana Marinescu.

The Program includes a brief presentation of the targets to be followed and of the reforms and measures to be taken so that Romania may accomplish a real convergence in its development with the European Union.

The Program is due for official release before the end of January. In its construction, the government also involved labor unions, non governmental organizations, employers’ associations and scientists.

„We need this time to allow Romania to apply the necessary measures required to ensure the economy’s ability to support the euro”, said Oana Marinescu.