Romania governor backs banking union as ‘substitute' for fiscal union


Europe's monetary union "cannot function properly in the absence of a fiscal counterpart", according to National Bank of Romania governor Mugur Isărescu, who told a Romanian-Czech business forum in Bucharest yesterday that he supports Banking Union as a close substitute for fiscal union.

Romania is aiming to join the single currency by 2019, and "is now fulfilling three out of the four Maastricht criteria", Isărescu said, "namely the sustainability of the fiscal position, convergence of long-ter

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: