Following Romania’s accession to the European Union, the greatest challenge facing economic policy is compliance with the criteria for joining Economic and Monetary Union. The economic policy decision-makers must consider the convergence criteria, in order to be able to comply with them at the lowest possible cost. Romania is a little behind the other countries in what regards the convergence criteria, except of the government finances criteria. With the entrance in the Euro zone set to 2014, it has still got time to meet them, but the fact that it is among the last in the EU should be a worry.

European Union, convergence, stability, performance, catching up