





Romania National Bank governor Mugur Isarescu: Salaries up too much as compared to productivity
But Isarescu said that the market instruments can balance any disequilibrium pushed by higher salaries.
Isarescu argued that in Romania, like anywhere else, salaries need to be correlated by productivity and Romania does not comply to this pattern as it used to over the past several years.
He said he was confident the the national currency would gain back ground against the euro soon enough. He says that what Romania needs is a strict monetary policy characterized by structural reforms and fiscal prudence.