News » February, 2011 » 15 February 2011
Olteanu, NBR: We have too few successful company debt restructuring stories
15.02.2011, 23:29 | Finance-Banks | 1042 views
On the few examples of successful company debt restructuring, bankers and entrepreneurs have now turned into adversaries, and over-indebted companies are taking their problems to a point where their entering bankruptcy becomes inevitable. "We are in a vicious circle, as a system. The too few successful restructuring stories are not encouraging us. Maybe more restructuring stories to be talked about would be helpful," said Bogdan Olteanu, NBR vice-governor in charge of the legal department of the institution. Read more on ZF.ro
|
Latest news in category Finance-Banks
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...
|
|
