PM Orban says trade deficit stressful to exchange rates, leading to erosion
Publicat:National chairman of the National Liberal Party (PNL), Prime Minister Ludovic Orban, said on Monday that trade deficit puts "very high" pressure on the exchange rates and erodes the local currency, the leu, against the euro. "The exchange rate is always a result of an economic situation. As long as there is a trade deficit of almost 18 billion euros, and the trade deficit has increased year by year, in 2017, in 2018, and in 2019 due to a policy of non-stimulation of domestic products and services, while at the same time boosting demand through artificial income increases, which has no base…
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