News » January, 2011 » 4 January 2011
Vlădescu: We'd better seal a precautionary agreement with China rather than IMF
04.01.2011, 00:04 | Finance-Banks | 765 views
Romania should consider a 3-4bn-euro precautionary arrangement, which it should seal with China, the financial powerhouse of the moment, and which should be focused on investment projects, and not on reform programmes like in the case of the agreement with the IMF, maintains Sebastian Vlădescu, former finance minister. "If nothing dramatic happens in the euro zone, Romania can easily borrow from the market, it no longer needs money from the IMF. Major adjustments have been done, now we should start building, and opening a relationship with China at a governmental level could be of great help to us. This should be an action direction for Romania's political and economic diplomacy". 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...
|
|
