Romania Should Forgo Consumption As Engine For Economic Growth - Ctrl Bker

"We are still among states with a reasonable, yet wide external deficit and, giving our experience, I don't think anyone would grant us credit lines if the economy keeps developing based on consumption," Isarescu told an economic seminar.

He said private lending in Romania can no longer advance at pre-crisis levels.

Romanian private lending fell 3% in real terms in 2010 compared with the year before. In nominal terms, however, the lending rose 4.7% on the year.

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