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Ţiriac believes we'll exit the crisis in 2012
07.03.2011, 07:47 | Economy | 919 views
Businessman Ion Ţiriac, probably the wealthiest Romanian, is quite reserved with regard to the firm statement that the Romanian economy will exit the crisis at the end of the first quarter. He believes 2011 will be just like 2010 and we'll leave the crisis behind in 2012. "Banks have a lot of money at present, even in Romania there is money in banks, but they are equally cautious or hyper-cautious, so that they no longer know where, how, what and to whom to lend money. On the other hand, relationships among banks are almost frozen because everyone is protecting their lifeline," said Ţiriac during the "After 20 Years" show on ProTV. Read more on ZF.ro
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