Can powerful vested interests be overcome? Can all this be achieved within the time span that it appears we have at our disposal in order to obtain our habitat livable? How can we cope with so many disruptions and ruptures simultaneously?
Reforms in and of the euro area, to make it robust, would be more than welcome in accession candidate countries. As for its part, the Romanian economy needs to achieve a critical mass of real convergence and control its imbalances on a sustainable basis in order to enter the exchange rate mechanism and, after that, join the euro area under auspicious terms.
Daniel Daianu: comments on “Reigniting growth in emerging market and low income economies; what role for structural policies”, by Davide Furceri et.al, IMF, October 2019 (NBR, Bucharest, October 15th, 2019)
Romania belongs to Europe not only in geographical terms, but also thanks to its one-of-a-kind cultural features. Standing at the confluence of the East and the West, being the sole Christian Orthodox nation among the Latin peoples, the sole Latin-rooted speaking people in the Orthodox East and acultural “melting pot” in itself, Romania boasts a culture that carries a valuable historical legacy. The National Bank of Romania is definitely a part of this legacy and was one of the key drivers of modern Romania.
OpiniiBNR.ro este o platformă - forum pe care specialiştii din Banca Națională a României dezbat principalele evoluții macroeconomice și financiare locale și internaționale. Opiniile exprimate sunt strict personale, nu reflectă poziția oficială a Băncii Naționale a României și nu implică sau angajează în niciun fel această instituție.
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