EURO ZONE
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Budget Minister: Euro Zone Accession To Give Romania Seat At European Power Table
Budget Minister Liviu Voinea says Romania’s accession to the euro zone, which the government scheduled for January 1, 2019, will give the country a seat at Europe’s major powers’ table, where all the important decisions are made.
Government Sets January 1, 2019 As New Euro Adoption Target
Romania set out to adopt the euro in 2019, when it will assume the EU presidency for the first time, Prime Minister Victor Ponta said on Wednesday.
Isarescu Suggests Euro Adoption Will Only Happen In 2023
Mugur Isarescu, Romania’s central bank governor, took everyone by surprise on Wednesday when he suggested a later adoption of the euro than in any of the scenarios mentioned so far.
Joining Euro Zone – A Moving Target For Romania
Romania will most likely adopt the euro in 2021, with the timeframe for joining the euro zone moving further into the future as living standards and work productivity gaps need to be bridged...
What A “Grexit” Would Mean For Romania: Euro Above RON5 And Doubled Interest Rates
The leu’s depreciation by 10%-15% against the euro and the doubling of interest rates for lei on the interbank market would be the direct and fast effects on the Romanian market of the prosp...
Romania's Financing Costs May Increase After S&P Cut Euro Zone Ratings
An increase in euro financing costs and a higher leu/euro exchange rate volatility could be the first effects of rating agency Standard & Poor’s (S&P) decision to downgrade nine euro zone co...
Romania Waiting To See What Decision EU Will Make To Save Euro Zone
Romania, which is dependent on the euro zone commercially and banking-wise, is waiting to see what decisions EU heads of state and government will make. What can the country do to grow indep...
Analysts Calculate How Many Hundreds Of Billions Will Be Withdrawn By Euro Zone Banks
Risk premiums in the region have jumped again, local financial markets have contracted and a wave of catastrophic predictions about euro zone banks cutting their financing shook Central and...
Central Bankers To Be Guardians Of Foreign Banks’ Exposure To Romania
Nine of the ten foreign banks that control local top ten lenders need billions of euros to recapitalize. Out of the ten-hour talks conducted by the leaders of the euro zone on Wednesday nigh...