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Isarescu about ROBOR-based tax on bank assets:“Nonsense”, “bomb”, “innovation”

National Bank of Romania (BNR) governor Mugur Isarescu held a press conference on last Monday to talk about the government’s Emergency Ordinance 114, which aims to tax banks’ assets at levels based on the evolution of the ROBOR rate. Isarescu had a clear negative reaction to the idea, calling it either nonsense, a “hard to comprehend bomb”, or ironically saying it was an “innovation” in finance. Linking ROBOR to the ...

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