Romanian Central Bank Chief Economist: an IMF loan will finance only the external deficit

Business

Romania"s Central Bank Chief Economist, Valentin Lazea declared on Wednesday that negotiations for a foreign loan took off mainly because authorities want to prevent a problem not to solve one.

He declared that a possible future loan will represent a pack of credits, of which the IMF money will represent just a part. The problem, Lazea explained is mainly generated by the private debt. One of the main reasons to legitimize a loan is to protect the country"s currency reserves. He declared that...

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