Romania Targets Eurozone Entry in 3-4 Years Despite Entering Recession

Romania aims to join the eurozone within three to four years, but recent economic data show the country has slipped into a technical recession. President Nicusor Dan stated after an informal EU summit in Belgium that Romania meets the criteria for euro adoption in the medium term, noting the benefits of closer integration with the eurozone, including higher productivity, larger markets for domestic companies, and better-paying jobs. The framework for joining, according to Dan, involves maintaining a controlled budget deficit, keeping government debt within limits, and meeting other macroeconomic benchmarks....