“In 2014, Romania meets all the euro convergence criteria: the annual inflation rate, the yield on government bonds, a stable exchange rate, a budget deficit below 3% of the gross domestic product and a public debt level below 60% of GDP,” the government said in a presentation of the 2013 economic indicators and the targets for 2014-2015.
“We are on track regarding the real convergence.”
Romania had hoped to join the European Exchange Rate Mechanism (ERM) II as of 2013 and converge to the eurozone two years later, but economic and financial difficulties both at home and in EU have made the target obsolete.