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The IMF helps the country by forcing state institutions to take clear stands on matters, Finance Committee member, of the Chamber of Deputies Viorel Stefan declared for HotNews.ro. He explained that in a discussion with IMF officials, the latter hinted that the ordinance might be one of the conditionalities.
In an official address forwarded to the budget, finance and banking committee, Finance minister Ialomitianu declared that he cannot calculate the fiscal impact of the implementation of ordinance 50/2010 as the ministry has no attributions on the matter.
According to Franks, the ordinance should be implemented just to the new contracts and not for old ones, quoting the European law. Franks declared that the implementation of the ordinance can be costly for banks, but he encouraged parties to find a solution that will not imply costs for banks and ensure consumer's protection.
