Euro Currency Index summer of 2007, the index began to decline. On 6 February 2009 a value of 187.84 points was determined. In the following eight months, the European single currency rebounded from the lows. On 13 October 2009, the index rose by 208.45 points, near its historical high point. A financial crisis in several member states of the Euro zone in 2010 led to the outbreak of the Euro crisis. Particularly affected is Greece (see Greek government-debt crisis from 2010), but also other countries such as Ireland, Spain, Italy and Portugal. The weakness of the Euro against almost all global currencies caused
Romania and the euro ready to join the ERM II before 2013–2014. EIU analysts suggested in May 2012, that 2016-2017 would be the earliest realistic dates for Romania's adoption of the euro. However, in October 2012, Valentin Lazea, the NBR chief economist, said that "the adherence of Romania to euro currency in 2015 is difficult for Romania". The governor of the National Bank of Romania confirmed in November 2012, that Romania would not meet its previous target of joining the eurozone in 2015. He mentioned that it had been a financial benefit for Romania to not be a part of the euro area during