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Financial Times: Romania rejects a generalized approach for those banks facing problems

de A.C.
Miercuri, 25 februarie 2009, 11:22 English | Business

Romania's Central Bank Governor, Mugur Isarescu declared that a general re-capitalization of the groups of banks facing problems is not the solution. He warned about the danger to group together countries that are facing different circumstances, Financial Times reads, quoted by Rador.

Romania registered the fastest growth pace in the EU last year but the rhythm stagnated by the end of 2008. Its 7.3% growth then will transform in negative perspectives for 2009. With a debt representing 12% of GDP, most analysts expect Romania to follow the example of Hungary or Ukraine and request a loan from IMF.

Isarescu declared for the Financial Times that Isarescu suggested, to the Austrian Finance Minister Josef Proll, that the solution is to address specific problems in the country, avoiding confusion. He added that this strategy is better than a general approach to the region.

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