Romania Ctrl Bk: Eurozone Entry Might Be Difficult In Following Years

Romania’s planned euro adoption could prove more difficult in light of the recent problems faced by some of the 16 nations that use the European single currency, central bank governor Mugur Isarescu said Wednesday.

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"I suspect joining the euro area will be more difficult in the coming period," Isarescu said.

The central bank's chief said recently that a slight delay in joining the euro area would be less harmful than moving to adopt the euro before being fully prepared. "A delay of one or two years is less important than the fact that we have to be prepared to join the eurozone," he said.

Isarescu insisted the central bank doesn't give up its plans to adopt the euro in 2014-2015, but added such a measure will not be possible unless the leu's exchange rate stabilizes.

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