News » February, 2011 » 9 February 2011
Romania Should Forgo Consumption As Engine For Economic Growth - Ctrl Bker
09.02.2011, 12:46 | Finance-Banks | 829 views
Romania can’t hope to obtain external loans if it continues to relay on consumption as the main engine for economic growth, central bank governor Mugur Isarescu said Wednesday. "We are still among states with a reasonable, yet wide external deficit and, giving our experience, I don't think anyone would grant us credit lines if the economy keeps developing based on consumption," Isarescu told an economic seminar. He said private lending in Romania can no longer advance at pre-crisis levels. Read more on Mediafax.ro
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