Mugur Isarescu: year 2012 and the following will not resemble 2009 - 2011
ACTMedia - 25 Octombrie 2011
'Year 2012 and the ones to come next won't be like the 2009 – 2011 ones. Romania will have to force its getting out of the crisis, a difficult and complex process. What they ask, on the part of the whole Romanian society is a new effort for restructuring, efficiency, perfecting.
And moreover, an effort to adapt the economy to a competitive system' the BNR governor Mugur Isarescu said on the occasion of being awarded the emblem ' Honour of the Romanian army'on the part of the Ministry of Defence.
'I think that in 2012 the country will get involved in two areas: one for the recovery of the budget and the second for the consolidation of economic growth. Thus, only by cutting budgetary expenditure, we could be hit by other disfunctionalities' Isarescu said.
Correcting the errors of economic policy is, everywhere in the world painful, many times difficult to understand by the public and always late, but they are absolutely necessary. I know from experience that the negation of the need to adjust is not a viable option. It is true that fiscal sustainability without putting to danger the perspectives of economic growth constitute a challenge for the decision-makers, the governor said before, on the occasion of the conference ' The challenges of economic growth in the EU. Reforms for the future of Europe'.
Sursa: http://www.actmedia.eu
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bnr
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