The best scenario in which Romania could recover from the economic gap with the EU would be inflationary policy in the euro area monetary and fiscal prudence together. Heads of State of the Union have decided otherwise, and Romania's position - inside or outside the new pact - can not change things whatsoever. A relaxed fiscal and monetary policy only in Romania and frost would destroy the economy coagulated in the last decade. Further, the balanced budget is due Romania, which otherwise is likely to recover no more than "gap" to Greece. Theoretically, an external oversight mechanism helps us to budget more easily pursue their own goals. Practically, however, the details can make the difference between success and disaster.



The so-called "structural balance" is a simple and clear target, which means that spending a year may not exceed the income year. Thus, during the growing budget surplus will be practical, and can enter temporarily recession deficit. EU officials have tried to show the flexibility law when they allowed a margin of 0.5% deficit.