“When you set a target you aim to put things in motion, to make sure the many reforms are conducted, so I believe that the 2015 deadline hasn’t depleted its characteristics,” Isarescu told a news conference.
Late April, the government announced it would keep its 2015 self-imposed target for euro adoption, after President Traian Basescu stressed the deadline was necessary to ensure reforms are made on time.
The government approved Romania’s updated convergence program for 2011-2014, which will be sent to the European Union.
The initial draft of the convergence program indicated that Romania would not be able to join the European Exchange Rate Mechanism (ERM-II) before 2013-2014. The document didn’t specify a timeframe for the euro adoption, unlike previous versions.