We await us at least 18 months of difficult period

Solving the deficit problems must be part of an economic relaunch plan of Romania and awaits us at least 18 months, if not more, difficult period, not to say that it can be very difficult, said the former Minister of Finance Alexandru Nazare, currently a member of the Board of Directors of the NBR.

« We are waiting for us-and I do not speak here as a member of the Board of the National Bank, I speak as a former Minister of Finance, he awaits us at least 18 months, if not more, of a difficult time, not to say that it can be very difficult, and I think it is a truth with which we have to start any kind of discussion. The bone knife.

He stressed that these problems are reflected in the country rating, and the country rating is reflected in the interest that the country pays.

« The private environment cannot pay a better interest than the one that the country pays. Things are very tied here. If the country performs, the interest decreases. As the country performs, the rating improves, the interest rate decreases, the interest decreases and for the private. True, I understand the dissatisfaction, I understand the expectations related to the banking system, as can the banking system look at the public system and would say that the public system would have been waiting for better budgets, to keep the expenses under control, to spend more European funds and maybe together in this team game, if one had something else.

In the opinion of the former Minister of Finance, the discussion only about deficit is not suitable and should be discussed about economic relaunch.

« Look, however, we are today and talk about deficit and just about the deficit. And I wanted to start with one thing: I think that still talking about deficit today is not the right path. Although the problems are so big, I think we should talk about economic relaunch as a whole, not about the deficit. Economic relaunch means stimulation, means resources that the state spends in the way to relaunch the economy and you need resources, but you have to cover holes.

The BNR official stressed that, during the period when Romania had economic growth, the resources were spent, and the economy was not a priority for governments and the parties.

« When the economy was growing, we did not ask the problem that we might reach at a time when things change and need some resources. We still spent, we spent until we arrived here and at the deep level we have to recognize one thing: the economy was not the priority of the state, it was not the priority of the governments. It would have been the economy, if we had prioritized the economy, then we had clear, measurable goals that started from down and as they started, measurable, were reflected in the activity of each ministry.