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Romanian Central Bank governor Mugur Isarescu: for 4 out of 5 crisis elements, the critical moments were passed

de A.C.
Joi, 21 mai 2009, 17:40 English | Business

Romania's Central Bank governor Mugur Isarescu declared, after the Central and South Eastern European Financial Forum ended, that, if we take the crisis as having 5 main elements, Romania's economy managed to overcome 4 elements.

These 4 main elements, according to Isarescu are: the exchange rate crisis, balance of payments crisis, inflation and the capital availability. However, the fifth one still represents a challenge for the economy environment, namely the economic growth.

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