The head of state pointed out that a decision to amend Protocol 12 is the right solution. The move requires consultations with the European Parliament and the European Central Bank.
Also, the Treaty, Article 136 and/or Protocol 14, may also be amended when the 27 EU member states find common ground on this matter, said the president.
Basescu highlighted that states which register high debt should present a calendar to reduce it to a maximum of 60% of the DGP.
He also said the Constitution of each EU member state, and especially the fundamental law of states in the euro zone, should set a cap on budget deficits, which should not exceed 3% of the GDP.