Pascariu: It will take another two or three generations for things to normalise - financiare.ro
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News » February, 2011 » 25 February 2011

Pascariu: It will take another two or three generations for things to normalise
25.02.2011, 00:06 | Finance-Banks | 784 views



Twenty years have not been enough for Romania to break away from its past because the same generation is in power and young people need to be raised, encouraged, and be handed over the reigns, says Dan Pascariu, one of the most respected bankers on the market.

"I am afraid two or three generations need to pass in order for things to normalise, as the experience of other countries has shown. Unfortunately, in politics party loyalty is more important than people quality, so it is a good place for opportunists. People of quality want to be able to think independently," says Pascariu, chairman of the Supervisory Board of UniCredit Ţiriac Bank.

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