Ascultă Radio România Actualitaţi Live

Romania "will pay its external debts"

Mugur Isărescu, the NBR governor, says that the external payments of Romania are made by the Government and the National Bank and that there is no danger that they will not be paid.

Romania "will pay its external debts"
Mugur Isărescu, the NBR governor. Photo: Alexandru Cenuşoiu.

Articol de Sorin Solomon, 26 Noiembrie 2010, 09:24

Mugur Isărescu, the National Bank of Romania (NBR) governor, said that Romania is not standing the risk to become unable to pay its debts.


"The external payments of Romania are not made by the IMF, let alone by the director of the Monetary Fund. The payments are made by the Romanian Government and the National Bank.


As governor of NBR, I assert that there is no danger for the external payments of Romania to be blocked", Mugur Isărescu stated.


He mentioned that he had read carefully Dominique Strauss-Kahn’s statements, the IMF headman, and he had noticed that the latter was referring to the budget adjustments problems, to the reduction of budgetary expenses and to the fact that if these budgetary adjustments are not accomplished, there might be risks to block the payments.
"Romania is also listed, not through the first on the list, but among the last", Isărescu explained.


Dominique Strauss-Kahn, the general manager of the IMF, stated in an interview given on Wednesday to the TSR, the Swiss television station, that no European country is risking bankruptcy, but there are vulnerable countries like Greece, Ireland, Latvia, Hungary, Romania, where tougher politics should be implemented.


The general manager of the IMF also said that he does not believe in the bankruptcy of these states because the European countries will act with solidarity.


"I think solidarity that exists between European countries will avoid this situation and there is no danger of bankruptcy, instead this implies pretty though politics", the general manager of IMF also said.

Translated by Lidia Enăsoiu and Andreea Velicu
MA Students, MTTLC, Bucharest University

Opening ceremony of the multinational exercise "Sea Shield" in Constanta
News in English 31 Martie 2025, 15:33

Opening ceremony of the multinational exercise "Sea Shield" in Constanta

"Sea Shield 25" includes combat sequences that will test the coordination and response capabilities of the...

Opening ceremony of the multinational exercise "Sea Shield" in Constanta
Ilie Bolojan: Thanks to the NATO shield, Romania has become a safe place
News in English 31 Martie 2025, 04:01

Ilie Bolojan: Thanks to the NATO shield, Romania has become a safe place

Romania will continue to contribute to the promotion of global security and democratic values, interim President Ilie Bolojan...

Ilie Bolojan: Thanks to the NATO shield, Romania has become a safe place
The electoral period for by-elections has started in 19 municipalities
News in English 31 Martie 2025, 03:59

The electoral period for by-elections has started in 19 municipalities

The electoral period for the by-elections that will be organized in 19 localities in 14 counties of the country on May 4, on...

The electoral period for by-elections has started in 19 municipalities
Land and property owners will be able to get their registry extracts online for free
News in English 31 Martie 2025, 03:58

Land and property owners will be able to get their registry extracts online for free

Owners of land and real estate will be able to get their land register extracts free of charge at the land registry counter...

Land and property owners will be able to get their registry extracts online for free
Internship at the Romanian Government
News in English 29 Martie 2025, 20:52

Internship at the Romanian Government

Young people interested in how public administration works can apply for a new edition of the internship program at the...

Internship at the Romanian Government
If the current majority coalition remains on the defensive, it will make a serious mistake, says Prime Minister Marcel Ciolacu
News in English 29 Martie 2025, 20:51

If the current majority coalition remains on the defensive, it will make a serious mistake, says Prime Minister Marcel Ciolacu

If the current majority coalition will remain on the defensive, it will make a serious mistake, says Prime Minister Marcel...

If the current majority coalition remains on the defensive, it will make a serious mistake, says Prime Minister Marcel Ciolacu
Romania should stop making substantial changes to the legal framework before elections
News in English 27 Martie 2025, 15:18

Romania should stop making substantial changes to the legal framework before elections

Romania should refrain from making substantial changes to the legal framework shortly before elections, according to...

Romania should stop making substantial changes to the legal framework before elections
Constitutional Court debates the petitions to the law on airspace use control
News in English 27 Martie 2025, 15:18

Constitutional Court debates the petitions to the law on airspace use control

On Thursday, the Constitutional Court will debate the submissions of the AUR, POT and SOS Romania parties to the law on the...

Constitutional Court debates the petitions to the law on airspace use control