Eurozone Entry Unlikely for Romania Amid High Deficit

The adoption of the euro remains an unattainable goal for Romania due to its persistent fiscal deficit, according to Mugur Isarescu, Governor of the National Bank of Romania (NBR), as cited by local media. Romania's deficit stood at 5.68% last year, one of the highest in the European Union, a figure that far exceeds the requirements for adopting the single currency. Even before the pandemic, Romania struggled to meet t