MACROECONOMIC INDEXES OF ROMANIA AFTER JOINING THE EU. THE CONVERGENCE PROGRAM
MACROECONOMIC INDEXES OF ROMANIA AFTER JOINING THE EU.THE CONVERGENCE PROGRAM

Summary/Abstract: Romania submitted this year it’s first Convergence Program, which is of a special importance for him, as it is the first program which discusses both the sustainable economic development and the politics of sustainable public finances. The adoption of the euro is a matter of optimal timing, where the schedule is defined by the analysis of costs and benefits subject to the elements presented in the paper. The conclusion of the paper is that forcing the adoption of the euro in Romania could be a hazardous action, taking into account the many macroeconomic problems and structures requiring solution. In this context the consolidation of the decreased inflation, the long-term formation of the domestic capital market and the convergence of the interest rates, the relative stability of the market rate in the next few years are of outstanding importance.

• Details
• Contents