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Economy / Bulgaria

Romania

December 2011 | Risk Summary

Romania's President Traian Basescu reiterated that the country's major target remains the adoption of the euro in a recent statement made at the Gala of the National Association of Exporters (ANEIR). The President noted that it is important that the country attains the necessary parameters in order to join the euro by self-imposing such criteria, allowing the nation the freedom to join the common currency bloc when it wishes to do so. In particular, he mentioned the importance of meeting competitiveness conditions, cutting the country's current account deficit in coming years and not only the budget deficit, in order to

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