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România liberă presents "a progress report on European austerity", comparing the impact of measures adopted by different EU member states. The Bucharest daily notes that "major European economies including Germany, France and the United Kingdom, have emerged from recession," while "second-tier countries like Greece, Ireland, Spain and Portugal" are still struggling. At the same time, Eastern Europe “with the exception of Romania, Bulgaria and Croatia has now overcome the crisis.” The report also quotes Romanian Central Bank Governor Mugur Isărescu, who believes that “the adoption of the euro will be a catalyst for the country’s long-term economic development.”
