The European Commission declared on Wednesday that Romania, along with Sweden, Poland, Hungary, and the Czech Republic, does not meet the economic and legal convergence criteria to adopt the euro.
Currently, the euro is used by 21 of the 27 countries of the European Union. The necessary criteria include low inflation, monetary stability, a budget deficit within EU limits, and public debt below 60% of GDP. Romania faces challenges in meeting these requirements, having higher levels of inflation and budget deficit than necessary.
Although Romania wishes to adopt the euro, it is far from meeting the required standards. In contrast, Hungary has expressed the desire to join the eurozone by 2030, although economists consider this an ambitious goal. Public opinion varies, with 65% of Romanians supporting the adoption of the euro, while in Poland, only 43% agree.
Sources
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