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Romania Drops Target Date For Euro Adoption

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Romania has dropped setting a target date for adopting the euro, a report said, although officials insisted Wednesday that joining the single currency remains a fundamental objective for the country.

The Romanian news agency Mediafax said the Romanian government would submit to the European Commission for the first time a programme on progress towards adoption of the euro without a target date.

Romania had previously been targeting 2015 to adopt the single European currency, but President Traian Basescu said last month that date was now "unfeasible".

Prime Minister Victor Ponta estimated last month that 2020 would be more realistic.

Ponta insisted Wednesday that "eurozone entry remains a fundamental objective for Romania but we can't enter poorly prepared, as that would first of all be bad for us and also for the other members of the eurozone," in comments reported by Mediafax.

Romania agreed to eventually adopt the euro under the terms of its 2007 entry into the European Union, but there is no deadline.

The country has reduced its public deficit below the 3.0 percent of national output -- one of the entry conditions stipulated by the Maastricht Treaty.

But Romanian authorities have repeatedly missed targets agreed on with the International Monetary Fund and the EU on appointing professional managers and privatising state-owned companies.

Basescu warned last month that unless the competitiveness of the Romanian economy was improved that "joining the eurozone will end as a failure."

Poland has also recently pushed back a decision on setting a date to join the eurozone to after 2015.

I wonder what is causing the apprehension? The EURO-zone is nearly as corrupt as Romania already.

Won't stop the flood of Romanians seeking work across Europe though.

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No, gents, you are wrong. After January 2014 Romania and Poland (and Bulgaria) will replace their domestic currencies with freshly printed British pounds. This will be the prevalent tender repatriated by the stampede of immigrants who will move to UK. Polish guys are already here. Now, you see, Government have predicted this and went on QE. There is no threat for the domestic Money mass as most of it will be gone overseas (and some energy companies may be helping the process, aren't they). Actually we may need to ask for the printing press or rely 100% on 10011001001110101

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Ponta insisted Wednesday that "eurozone entry remains a fundamental objective for Romania but we can't enter poorly prepared, as that would first of all be bad for us and also for the other members of the eurozone," in comments reported by Mediafax

He doesn't sound very confident that the eu's economic problems will actually be solved and after joining the euro Rumania won't in time end up like Cyprus or Greece or Spain or Portugal or Italy or Ireland et al ...- especially like Cyprus so far.

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No, gents, you are wrong. After January 2014 Romania and Poland (and Bulgaria) will replace their domestic currencies with freshly printed British pounds. This will be the prevalent tender repatriated by the stampede of immigrants who will move to UK. Polish guys are already here. Now, you see, Government have predicted this and went on QE. There is no threat for the domestic Money mass as most of it will be gone overseas (and some energy companies may be helping the process, aren't they). Actually we may need to ask for the printing press or rely 100% on 10011001001110101

You are right that the UK will see a flood of Romanians and Bulgarians soon

Here in Cyprus we saw wages driven down and crime skyrocketing once they flooded in.

They've started to leave now thank God, and you hear many of those who have remained saying that they are planning to move to UK once the restrictions are eliminated.

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You are right that the UK will see a flood of Romanians and Bulgarians soon

Here in Cyprus

You don't live in Britain. The Romanians have been here for years already with fake self employed jobs.

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No, gents, you are wrong. After January 2014 Romania and Poland (and Bulgaria) will replace their domestic currencies with freshly printed British pounds. This will be the prevalent tender repatriated by the stampede of immigrants who will move to UK. Polish guys are already here. Now, you see, Government have predicted this and went on QE. There is no threat for the domestic Money mass as most of it will be gone overseas (and some energy companies may be helping the process, aren't they). Actually we may need to ask for the printing press or rely 100% on 10011001001110101

You mean they won't be comming here to do the jobs British people are too "lazy" to do in a stampede of pure work-ethic altruism? They come here principally for the money?

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You mean they won't be comming here to do the jobs British people are too "lazy" to do in a stampede of pure work-ethic altruism? They come here principally for the money?

Which jobs? And which money? I don't think to come here to work in the financial sector.

The Romanians don't have the same work ethics of the Poles or Hungarians. They go for the easy life. If they have to starve, they'd rather starve in Italy for example, when they can pick tomatoes or wallets.

Edited by sombreroloco

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  • 244 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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