Central bank's Isarescu supports euro adoption as possible catalyst of good economic policies

National Bank of Romania Governor Mugur Isarescu restated on Friday his support for the adopting of euro by Romania.

"I hope that in Romania's case the objective of adopting the euro ? an idea I have supported precisely because of this ? would be both an anchor and a catalyst for good economic policies; the first step is the setting of realistic, clearly defined goals, around which a political and social consensus would crystalize, giving us a realistic roadmap instead of a better or worse explained target," the head of Romania's central bank said at a conference dedicated to the banking sector.

According to him, structural reforms are the central element of any economic development strategy. He explained he was referring to key economic sectors where reforms are lagging, such as the energy and especially the transportation; for the latter, the delays are "probably the biggest," he asserted.

AGERPRES