Friday, June 2, 2017

Today, in Romania, all the significant transactions are calculated in Euros, even though some of them are paid in lei. And "homo economicus" is in every man; all they need is the freedom to make decisions. In the end, the entire economy can be reduced to four words: people respond to incentives! Let's remember the skill of currency dealers on the black market, I the first years of transition, when the currency exchanges were not yet fully liberalized. In order to take their profit, they would keep their dollars in packs, depending on the exchange rate they got them at. I don't think that Romanians will have "cultural shocks" if they were to only operate in Euros, given that the vegetables traders in markets watch the exchange rate to see whether or not they should raise their prices for carrots, radishes, tomatoes, cucumbers, etc. Of course, we are living on the outskirts of the East, where there is no rush. The president of the European Commission, who recently visited our country, when listening to the questions of some politicians, about how Romania didn't want a two-speed Europe, gave us an answer that is worth thinking on: the current treaties of the European Union stipulate the possibility of a 2-speed Europe and it is up to every member state on where it wants to find itself. The trends in the European Union indicate a desire of the member states in the Eurozone to move faster towards integration (there is talk of a common budget of the Eurozone and even of a parliament of the Eurozone...). Member states from outside the Eurozone can not oppose those trends.  Romania will have the presidency of the European Union, in the first half of 2019, but unfortunately, Romania's weight in the decision making process for the decisions that concern the Eurozone will be low, because we are not yet part of it. I wish that this once at least, the intention of drawing up a plan of action for the move to the Euro, as well as the switch of this plan to be taken seriously by every politician and institution of the state that are concerned. Let's not forget that Romania, when it was accepted in the European Union, made the commitment to take all the necessary steps to carry out the conditions needed for the adoption of the Euro!  (Source

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