Romania has necessary anchors to avoid shock following Greece euro decision
04. November 2011. | 07:33
Source: Agerpres
Romania has the necessary anchors to avoid a possible shock following Greece's euro-related situation, the Romanian representative at the International Monetary Fund (IMF) Mihai Tanasescu said ahead of a meeting of the visiting IMF delegation and officials of the Romanian Ministry of Economy, Trade and Business Climate.
Romania has the necessary anchors to avoid a possible shock following Greece's euro-related situation, the Romanian representative at the International Monetary Fund (IMF) Mihai Tanasescu said ahead of a meeting of the visiting IMF delegation and officials of the Romanian Ministry of Economy, Trade and Business Climate.
'Greece's situation relating the European currency will affect the entire Europe, Romania included, but Romania now has the necessary anchors to avoid a possible shock. The budget completion also represents an additional anchor in this case. The important thing is that we keep calm and prudently implement the measures agreed by the Government', Tanasescu stressed.
With respect to a decision of Greece to drop the European currency, the IMF official said the citizens have the right to choose an alternative.
'Any country should respect its citizens. Both the country and the citizens can choose. A positive or negative vote will determine the evolution of the European currency. It will survive, it will go through a difficult moment, but it will be strong', Tanasescu said.
'The European currency will survive with or without Greece's vote. Today there have been market turbulences, but also today the cut in the key rate by the European Central Bank is a sign by which the ECB seeks to be secure in the event of a possible failure of Greece. Today's discussions of the G20 in Cannes are also crucial to Europe's development', the IMF official underscored.
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