BNR's Isarescu: The markets could achieve a great deal of the correction, if Romania fails EC requirements

Governor of the National Bank of Romania (BNR) Mugur Isarescu says that in the absence of a fiscal correction to meet the requirements of the European Commission and the markets, a great deal of it could be achieved by the markets."If the fiscal correction - correction, not adjustment - and fiscal consolidation fail to reach the levels that are perceived to be necessary by the institutions we work with - I mean the European Commission and the markets - a ...

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