Romania’s problem is not to get out of the capital markets, and if we face a situation similar to the one in 2009, the European Union would help us, but with very severe conditionalities, the president of the Fiscal Council, Daniel Daianu, said on Friday.
“Romania’s problem is not how to enter the capital markets, Romania’s problem is not to exit the capital markets. In 2009, if we did not have the financial assistance package from the Union, we would no longer have had access to international markets. If we were to face a similar situation, without access due to large deficits, and we should call on them again… we have institutional friends and we have the European Union that would help us, but with very severe conditionalities. That’s why we, in the country, do not have to make mistakes,” said Daniel Dăianu, quoted by Agerpres.
He stated that Romania must control its deficits, and the construction of the 2020 budget outlines the stress lines for the 2021 budget.