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Economic Growth Needs Stable Prices - Central Bank Governor
05.09.2011, 19:36 | Finance-Banks | 969 views
Romanian central bank governor Mugur Isarescu on Monday said that growth cannot be achieved merely by using more money, and economic growth requires stable prices. "Anybody can do work with more money, but what matters is doing it with less Monday, that is development. Thus, throwing more money into the economy, under any circumstance, without calculation, is dangerous, because it brings inflation and the devaluation of money. I strongly believe that economic growth comes from stable prices, from the health of the currency," Isarescu said Monday. Read more on Mediafax.ro
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