IMF report urges review of euro timeline in Romania
Staff fear convergence could take longer than expected
Romanian authorities should conduct a "careful review" of the timeline for adopting the euro as their national currency, according to a staff report published by the IMF last week.
All EU members – with the exception of Denmark and the UK – are obliged to join the eurozone. Lithuania made the leap this year, while Romania has set a target date of January 1, 2019.
IMF staff say the commitment to join is "an important anchor for economic policies, especially for accelerating structural reforms"
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