Daily Archives: September 2, 2011

PRIVATE management exists only in PRIVATE companies

One of the major obstacles for Romanian government to achieve better fiscal discipline are the arrears. Most of them are debts that state-owned companies owe to suppliers and to the governments. The solution agreed with IMF was to change the current management with “private” management. A great publicity stunt if you ask me. Even more it can turn out to be the scam of the century. Continue reading