ECB in Romania euro plea
The European Central Bank (ECB) is calling on the Romanian government to maintain its push towards euro membership, hoping that Romania will join Europe's common currency at some point in the coming future.
Euro membership would make it significantly more straightforward for European property investors to buy in Romania, which joined the European Union (EU) in January this year.
As such, the country could be set to see increased investment from overseas property buyers once it is more closely in line with the rest of the EU, on financial terms.
To date only one of the EU's new member states has been given the go-ahead to join the euro since 2004, but the ECB is confident that Romania's economy is strong enough to warrant an addition to the common currency.
ECB president Jean-Claude Trichet argued that there is "a lot more to do" until Romania can join the euro, urging the country to continue pushing towards this goal.
< Back to latest news