Governor Isarescu, about the switchover to Euro

Identifying action guidelines for structural reforms is essential in Romania's drawing up a roadmap for its switchover to the European single currency, while drawing up a paper under the aegis of the Romanian Academy that points out the steps to be taken proved extremely useful in this moment, says Governor of the National Bank of Romania (BNR) Mugur Isarescu. "We have already repeatedly talked about the importance of real convergence in securing sustainability for the achievement of nominal convergence criteria, as well as of structural reforms for increasing the degree of real convergence. Consequently, identifying action guidelines in the areas of structural reforms is essential to the drawing in up of a roadmap for the adoption of the euro currency. I'd dare say a paper drawn up under the aegis of the Romanian Academy that points out the steps to be taken for the achievement of this objective would be very useful at this moment of re-evaluation of the coordinates of the entire process," Isarescu says in a message to organisers of an ESPERA 2015 international conference. He says public debate on economic issues in Romania needs objective opinions, rigorously grounded and he cannot think of a better body to take on the role than the Romanian Academy. "The prestige it enjoys and its recognised neutrality place the Romanian Academy and the research institutes operating under its authority in a unique position as far as the penetration power in the society of the ideas expressed under its cupola. That is why I find it opportune for the themes discussed at the conference to include major economic political options. Such an option is undoubtedly the approach of the adoption of the euro currency," says Isarescu. The National Economic Research Institute of the Romanian Academy, the Romanian Cultural Institute, the National Bank of Romania and the Economic Information and Research Centre are holding, December 3-4, the 3rd edition of the ESPERA international conference on theoretical, empirical and practical approaches of economic scientific research. The aim of the international conference is to unveil and evaluate the portfolio of economic scientific research to provide arguments for and help materialise Romania's development strategies, including best European and international practices.