Baluarte
04-26-2013, 06:48 PM
Visiting President of the European Council (EC) Herman Van Rompuy on Thursday encouraged Romania to continue with its efforts to join the eurozone, saying that the country has made progress in meeting the convergence criteria.
"It is important for Romania to stay as close as possible to the euro area developments in order to ensure a good preparation for entry," said Van Rompuy in a press statement after his meeting with Romanian Prime Minister Victor Ponta.
The EC president, in Bucharest for a one-day working visit, also stressed the importance of a eurozone banking union that will help restore normal lending conditions to European economies.
"The banking union will not only set clear rules for future handling of crises, but also lead to a more stable financial sector," he said.
Ponta said after the meeting that Romania has always and will continue to honor its commitments on budgetary discipline made to the European Commission and the International Monetary Fund.
Romania had hoped to adopt the single European currency by 2015. However, with persistent financial and economic troubles within the euro bloc, Romanian officials now believe that the country may not be ready to do so before 2020.
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Van Rompuy and his typical idiocy... preaching the Euro dogma no matter how dumb it may be
"It is important for Romania to stay as close as possible to the euro area developments in order to ensure a good preparation for entry," said Van Rompuy in a press statement after his meeting with Romanian Prime Minister Victor Ponta.
The EC president, in Bucharest for a one-day working visit, also stressed the importance of a eurozone banking union that will help restore normal lending conditions to European economies.
"The banking union will not only set clear rules for future handling of crises, but also lead to a more stable financial sector," he said.
Ponta said after the meeting that Romania has always and will continue to honor its commitments on budgetary discipline made to the European Commission and the International Monetary Fund.
Romania had hoped to adopt the single European currency by 2015. However, with persistent financial and economic troubles within the euro bloc, Romanian officials now believe that the country may not be ready to do so before 2020.
---------------------------------------------------
Van Rompuy and his typical idiocy... preaching the Euro dogma no matter how dumb it may be