Posts Tagged ‘safeguard’
Romania would safeguard economy with EUR 10 billion
I was recently assesing the possibility for the Romanian state to help its weakening economy and market players. Aparently, the Romanian state would need to inject EUR 10 billion into the economy, EUR 5 billion to help rebuilding trust in the banking system, and the rest just for supporting the real economy. I wish I have had the tools to have come up with this numbers, but I haven’t. Herbert Stepic, general manager of Raiffeisen International gave these estimated numbers yesteday. So Romania would either take the money out of its reserves, or ask for help from the EU, said Stepic. One way or another, the future Government would have to deal with it. Romanian president Traian Basescu nominated Teodor Stolojan, leader of the democratic Liberal Party yesterday to fill in the PM position – and now parties are discussing how to create the new Government and have it voted in the Parliament.
While we were talking numbers, let’s look at how much has the US state put to save its economy. It was hundreds of billions of dollras for the banking system, and how the carmakers would need more than 100 billion dollars in total to survive until next spring, they say.
