Romania Needs Budgetary Constrains To Emerge From Recession - Ctrl Bk

Romanian central bank governor Mugur Isarescu said Wednesday that the country needs budgetary constraints to emerge from recession, because the absence of limitations leads to relaxation and social overshelter.

9 views

"It seems paradoxical, but harsh budgetary constrains help the economy," Isarescu told an economic debate.

The fiscal relaxation discourages productivity, he added.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.