Romania in EMU on 2029?

[ART]

Romania submitted in April the Convergence Programme 2014-2017: The Romanian central bank governor Mugur Isărescu said the goal is to join the monetary union on 2019. According to Isarescu although Romania is already up to date with all the parameters, the conditions in the real economy, in sustained growth but with a difference too strong between Bucharest region and other areas, required to proceed without haste. He also declared that it would be even better to set the target date of January 1, 2019 by an Act of Parliament.

[ART]

Isărescu said that the government has lose too much time and it will not be possible to achieve the goal of membership on 2019. Some Romanians economists believe realistic 2021.

[Montgomery Burns]

Our Romanian friends will have to let go of their wonderful plastic bills, it won't be without pain.

[groentje]

Those are lovely, aren't they?

[ART]

Romanian Foreign Minister, Teodor Melescanu, said that all the conditions for access to the monetary union are met but the government intends to wait a few more years because it fears that there may be a negative effect on pensioners' income. According to this program, accession will take place in 2022.

[Montgomery Burns]

It's been a while since anything was posted here, and I was just looking at the Euro Area Enlargement article on Wikipedia so:

ERM-II by 2024, euro by 2029 are the current estimates for Romania.

Edit December 9 2023 - The country's present government believes accession will be possible in 2026, although nobody else seems to be accompanying them in this belief (namely the Romanian central bank). Nevertheless, the chart on that wikipedia entry has been edited to "euro by 2026" under "Government policy". All of these dates at this point are, of course, estimates - things will only become official after ERM access is achieved (and even then there might be unforeseen difficulties, as was the case with Bulgaria).

[Montgomery Burns]

ERM-II by 2026 and euro by 1 January 2029 are the current dates for Romania. The rather outlandish idea of joining in 2026 would have meant ERM adhesion in 2024 or before and that, of course, did not happen.