There are few topics I will bring to your attention today. I will update them throughout the day.
The first one. How credible is Romania, in your view, when it comes to suggestions about fiscal policy? We all heard president TB yesterday saying that he will go to the EU summit and he will propose his version of solving the EU crisis. His (our as a country) solutions refer to making the fiscal rules from Maastricht treaty more binding. But isn’t Romania in the excessive deficit procedure because we did not abide by the Maastricht treaty? That should undermine our authority in these matters a little. Don’t you think?
The second one. As my motto says, I am a skeptic. However, I do not buy the EURO blow up story. Not now. Thus, I do not get the messages, even while at the summit, see NS, that we are close to total annihilation. What I fear is that to get elliminate this teriible scenario EU leaders will come up with some solutions that will mean more state intervention, more taxes and possible some capital controls. What do you think?
(More thoughts later)