He said 2019 was not necessarily an impossible euro adoption target at the time it was announced but has become increasingly unfeasible since it lacked follow-up.
“We (the central bank – e.n.) said it was a very ambitious target and welcomed its potential to anchor public policies. But 2019 has become more and more unfeasible since no action plan has been drawn up and implemented,” said Olteanu.
Olteanu also said he doesn’t believe it’s beneficial for the country to remain outside the eurozone.
“On the medium term, if we want, as Europeans, to keep having a major economic, political, cultural role internationally, we need to enter the big league in terms of population, gross domestic product, exports, capital inflows. The stakes of the European political construct are high and economic, financial and monetary integration are essential,” said Olteanu.