“Romania has set a very ambitious target date for the euro adoption. From an economical point of view, 2019 seems an unrealistic objective,” Dumitru told a banking summit.
He said that the local economy would need to grow at an annualized pace of at least 4% to 5% for the country to join the euro area by the self-imposed deadline in 2019.
“Even the 3.5% growth estimated for this year is not enough to join the euro in 2019.”
Dumitru said the government should step up structural reform implementation to fuel the economic growth.