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Tănăsescu: 2011 is in fact the beginning of resumption of growth
20.01.2011, 23:45 | Economy | 793 views
With or without the IMF and the EU, Romania had to first rectify the mistakes of the years of economic boom, and the economy could not be stimulated during the time of recession as were those of other countries because its fiscal reserves ran dry prior to the onset of the crisis, says Mihai Tănăsescu, Romania's representative with the IMF. Under the circumstances, the return to growth of the economy has been put off until 2011. "We had to first rectify the mistakes, stabilise the economy and then move on to sustainable growth. 2011 is in fact the beginning of resumption of economic growth, which needs to be consolidated and sustainable." Tănăsescu says, however, in an interview for ZF that not any kind of economic growth is desirable. Read more on ZF.ro
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