Romania's Isarescu on euro adoption

Romania's objective of joining the euro area in 2014 is within reach, said Mugur Isarescu, the governor of the National Bank of Romania.

Isarescu also warned that the adoption of the single currency before achieving a minimum level of real economic convergence with the European Union countries was risky and counterproductive.

The governor said that apart from fulfilling nominal convergence criteria such as a stable exchange rate, subdued inflation, and moderate budget and public deficit

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