Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

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The money network:

The money network:

Why crowdfunding threatens traditional bank lending

April 2004

Behind schedule to catch the EU train

Delayed and inadequate reforms mean that Romania faces the prospect of failing to meet its 2007 deadline for entry into the EU. Guy Norton reports.


Nãstase: Romanian premier must
speed up political and economic
reform or face EU exclusion
ON MAY 1, 10 states, including eight from central and eastern Europe, will become members of the European Union. Romania will not be among them. And unless it pushes on with political and economic reforms, it is in danger of failing to meet the timetable for being included in the next planned round of EU enlargement in 2007.

That's the stark message coming from the European Commission and the European Parliament, which over the past few months have regularly berated the country's politicians for failing to reform the judiciary, respect press freedoms, fight corruption, curb illegal adoptions and restructure and privatize state-owned companies.

Most tellingly of all perhaps, the EC concluded that Romania is the only EU accession candidate that does not yet possess a fully functioning market economy – shorthand for saying the...


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