Jean-Claude Trichet, European Central Bank president, will be inBucharest on Sunday to deliver a speech before the gala concert totake place in the evening at Ateneul Român for NBR's 130thanniversary.
President Traian Băsescu and NBR governor Mugur Isărescu will alsohold speeches in the first part of the event.
The visit of the head of euro zone central banks comes in the verycontext where Bucharest is seeking a new deadline for euroadoption, after both Governor Isărescu, and President Băsescu haverecently stated that January 1, 2015 can no longer be a realisticdate against the new macroeconomic background marked by theprolonged crisis.
Thus, the Government will have to discuss a new target with theNBR, but for the time being Finance Minister Sebastian Vlădescu isunwilling to come up with a position in this regard. Analystsexpect euro adoption to be delayed to 2017 or even after 2020 forthe Romanian economy and public finances to have time to gear upfor the euro zone.
This is the first time NBR's anniversary is turning into such anevent attended by many foreign guests and the second time thatTrichet, running the ECB since 2003, comes to Romania as head ofcentral bankers in Europe, with the first visit taking place in theautumn of 2004.
Trichet had visited Bucharest in 2000 as governor of the Bank ofFrance.
The head of the US Federal Reserve, Ben Bernanke, had also beeninvited to attend the event, but he did not confirm hisparticipation.
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