Just as businessmen want predictability in order to be able to look to the future, so do state institutions, said the head of the National Bank of Romania, Mugur Iserescu, referring to cost reduction project.

“If we want it to work properly, we don’t need to upset them every day with reforms. It’s hard work. I carried out the reform in 2000 and I know what it is. Romania’s problem is much more serious from a fiscal point of view than is discussed in the passages,” he said.

Why

“They say: ‘We want a country like abroad.’ He wants quality public services: highways, schools, hospitals and quality health care. If we add all these requirements, we will reach 40-50% of GDP. I was the prime minister, I also sat at the table in the coalition government, and the requirements were 40%,” the governor explained.

• “I needed to solve a problem: 40% to solve with only 32%. Now they are more than 40%, and we want to cover their 27% of income? Hard work.”

“We support the government’s fiscal adjustment program, not to mention the correction. How it will turn out is an attribute of the Government. We will work with him to bring about fiscal adjustment and fiscal consolidation,” Iserescu said.

• “We have no technical solutions ahead of us. The Fiscal Council expresses itself in different formulas. The solution is political, not technical. You can’t ask me which political solution is good.”

In his opinion, there can be no financial stability without political stability and social unity.