September 20, 2018

Romanian President Traian Basescu: 3 % budgetary deficit would entail Romania borrowing RON 71.6 billion

Wednesday, Romanian President Traian Basescu said that if the 2012 deficit in its Budget were set a5 3 %, Romania would have to raise RON 71.6 billion from the local market. He voiced hope that he will manage to persuade Romania’s EU partners about the importance of preserving the capital flows in the EU member states that are outside the Euro Area.  He pointed out that the risks that can affect Romania as well come from many directions, including the restructuring of Greece’s sovereign debt and the wish of the banks to meet their capital requirements by pulling out from the countries outside the Euro Area.

Source: AgerPres (read more)

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