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Romanian Fin Min: Fincl Crisis Needs Cooperation Between Those Involved

The size, symptoms and spread of the global economic turmoil signals a close cooperation is needed between the authorities and all those involved, Romania's Finance Minister Gheorghe Pogea said Monday, at the beginning of a meeting with employers' associations and trade unions.
Romanian Fin Min: Fincl Crisis Needs Cooperation Between Those Involved
12 ian. 2009, 15:06, English

"The size of the crisis, its proportion and symptoms enforce collaboration between all those impacted,” Pogea said.

Together with Pogea, the central bank’s deputy governor Eugen Dijmarescu, the president of the Romanian Banks’ Association, Radu Ghetea, and the central bank’s chief economist Valentin Lazea also took part at the meeting.

“Banks are the first to relax conditions as regards lending,” Pogea added.