Let's Grab A Screwdriver And Fix The Economy, Says Isarescu

06.08.2011 By Daniela Stoican , Loredana Fratila-Cristescu , Chiru Liviu Mihai

When inflation is high, despite the dynamics set by the central bank on the money market and in contrast with the size of the budget deficit, the reason can be found in the unpaid debts of state-owned companies, which create “artificial money”, said central bank governor Mugur Isarescu, explaining the 300% inflation in the early ‘90s.

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Keywords:: ISARESCU; , ECONOMY; , INFLATION

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