Romania no longer meets the economic criteria for entering the Eurozone
Articol de Radiojurnal, 12 Iulie 2020, 15:40
Bulgaria and Croatia have taken an important step towards the changeover to euro.
Their national currencies have been included by the European Central Bank in the European Exchange Rate Mechanism II, a system created to ensure Europe's monetary stability. Inclusion in these mechanisms is a mandatory step for joining the Eurozone.
There are currently seven EU Member States that are not also part of the Eurozone, but which are committed to adopting the single European currency by respecting criteria related to, among other things, price stability or soundness of public finances.
Among them is Romania, the only country that, according to a report published last month in Brussels, does not meet any of the four economic criteria this year.
In 2016, Romania met three of these conditions.
Translated by: Radu Matei
