Central Bank official: Romania meets all nominal indicators for euro area entry

12 January 2015

For the first time in 25 years, Romania currently meets all nominal indicators needed for joining the Eurozone, according to Adrian Vasilescu, advisor to the Romanian National Bank governor.

“We have macroeconomic stability. Of course, as the rules are now, real indicators also have to be met,” said Vasilescu in an interview for local Agerpres.

“With the nominal indicators assured, we can move further to the real indicators. The most important and the most difficult to obtain is the GDP per capita at purchasing power parity standard. In this respect, Romania comes second to last in the European Union, out of 28 countries,” Vasilescu added.

Irina Popescu, irina.popescu@romania-insider.com

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Central Bank official: Romania meets all nominal indicators for euro area entry

12 January 2015

For the first time in 25 years, Romania currently meets all nominal indicators needed for joining the Eurozone, according to Adrian Vasilescu, advisor to the Romanian National Bank governor.

“We have macroeconomic stability. Of course, as the rules are now, real indicators also have to be met,” said Vasilescu in an interview for local Agerpres.

“With the nominal indicators assured, we can move further to the real indicators. The most important and the most difficult to obtain is the GDP per capita at purchasing power parity standard. In this respect, Romania comes second to last in the European Union, out of 28 countries,” Vasilescu added.

Irina Popescu, irina.popescu@romania-insider.com

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