ISARESCU
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Isarescu: Volksbank Was A Troubled Bank; Shareholders Had To Sell It With A Discount
Volksbank Romania was a bank with problems, from management to risk issues, with strong involvement in foreign currency loans, so that shareholders’ solution was to sell it with a discount,...
Isarescu: Central Bank Agrees With Reasonable Burden-Sharing Solutions For Swiss Franc Loans
Romania’s central bank agrees with burden–sharing solutions for persons who have loans in Swiss francs and banks, but reasonable and balanced solutions, applied individually, as each case is...
Swiss Franc Loan Conversion Talks Could Lead To Higher Borrowing Costs For Romania, Isarescu Says
Discussions about the conversion of Swiss franc loans at lower exchange rates could hurt Romania’s chances to get reduced costs at its next Eurobond issue, central bank governor Mugur Isares...
Romania Meets Maastricht Criteria, But Euro Adoption Shouldn’t Be Hurried
Romania has reached a macroeconomic equilibrium and it meets all the five Maastricht criteria, but the country cannot join the euro-zone in two years, central bank governor Mugur Isarescu sa...
Isarescu: Fears Of Depreciation Eased; Leu Stable Even During Elections Campaign
Romania has escaped the fear of the leu’s depreciation, says central bank governor Mugur Isarescu, pointing out the national currency was largely unmoved even during the elections campaign.
Isarescu On Lowering Public Investments: Fight Against Corruption Has Got Its Purpose
The lowering of public investments might represent a means of control over the spending of public funds as a result of the anticorruption actions taken lately, Romanian central bank governor...
After Rate Cut, Isarescu Tells Again Bankers To Go Look For Customers
Romania’s central bank on Tuesday cut the key rate again, to 2.75%, in another attempt to encourage lending. Governor Mugur Isarescu urges banks to get close to their customers and not expec...
Isarescu: Lowering Public Investments May Be Beneficial On Long Term
The lowering of public investments may be beneficial on long term, if it is based on financial discipline, by removing unrealistic projects and corruption, although it impacts the short-term...
Isarescu: Unrestrained Deleveraging Could Hurt GDP Growth
The combination of fiscal correction measures with an uncontrolled deleveraging process could hurt a sustained economic growth, Romanian central bank governor Mugur Isarescu said Tuesday.