Romania's Finance minister Sebastian Vladescu said that the situation of the financial markets is not dramatic and Romania does not have liquidity problems. The situation is not dramatic and we even agreed that foreign banks can have a 5% decrease in exposure, Vladescu said.
At this time, it is very important to know the cost of the financing because we can create budgetary space for investments based on such costs, Vladescu said. The IMF, EC and Central Bank decided that the exposure of the nine foreign banks in Romania can vary at a plus/minus 5% level.
