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Senate President Tariceanu: 'Gov't cannot just witness this major derailment of the banking market'

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Senate President Calin Popescu-Tariceanu on Wednesday stated that the degree of financial intermediation in Romania is "extraordinary low," in which context the Government "shouldn't just witness this major derailment of the banking market and needs to intervene."

"The degree of financial intermediation is extraordinary low and the banks prefer to place the deposits they have in state bonds, which are also remunerated from the budget from the taxes of each contributor and they do not make these banking intermediation operations, although there is a record showing that the profits of banks

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