Basescu said he is in favor of a new agreement with the international institutions not for the money but to speed up convergence.
“The completion of the current agreement with the IMF, EU, and World bank is very important to strengthening Romania’s credibility as a country no longer willing to borrow money to pay wages and pensions,” said Basescu.
The new convergence program Romania’s government will send to the European Commission will not state a deadline for the euro adoption, people familiar with the matter told MEDIAFAX last week. The country a will set a new euro adoption deadline after it has met all real requirements to join the euro zone.
In March, Prime Minister Victor Ponta said 2015 was no longer a credible target for joining the eurozone, adding the country’s euro adoption process might be finalized sometime near 2020.