Basescu: State sector neither competitive, nor ready to join Euro Area

The Romanian economy's state sector is neither competitive, nor ready to join the Euro Area, President Traian Basescu said on Thursday, also underscoring Romania could switch to the single currency sometime by around 2017-2018, provided the state-owned economy increases its competitiveness.'Romania today has two sectors: the private sector, which is recording extraordinary performance and competitiveness in most of its area and the ...

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