The developments of the last few days were generated by the elections of May 4 and there are significant capital movements, but both the ministry’s buffer and the National Bank’s reserves ensure stability and the situation can be managed, finance minister Tanczos Barna stated on Wednesday.

„The developments of the last few days were basically generated by the elections of May 4, they are important capital movements. They were also confirmed by the National Bank of Romania. There were also those events related to the loans to finance the deficit. What I can tell you from the very beginning is that both the Ministry of Finance’s buffer and the BNR reserves ensure the manageability of the situation. The situation is not easy and the previous similar situation was generated in December by the cancellation of the elections. Now the result is perceived as it is perceived by the domestic and international markets. No, I am not the one who says that Romania’s perspective with this result of 40% for a sovereignist is a weaker perspective than the one generated by or that could be generated by a better score for the coalition candidate or for Mr. Nicusor Dan. That’s what the markets say, that’s not what I’m saying. Our role and obligation is to manage this situation,” explained Tanczos Barna.

He added that on May 18, Romanians will have a final decision on the country’s trajectory and stressed that Romania cannot afford greater uncertainty and governmental and political destabilization in the current situation.

„Once again, both the ministry’s buffer and the BNR reserves ensure stability and the situation, even if it is not easy. We are an interim government. Our obligation during this 45-day period is to finance public spending, to pay salaries, to pay pensions, to continue financing Romania’s most important investments in order to ensure economic stability and to contribute to this stability and economic growth. On May 18, we have a final decision by the Romanians regarding the trajectory of this country, which must be one that is also appreciated by international markets. We cannot afford to deviate from the path at the moment and Romania cannot afford greater uncertainty and governmental and political destabilization in the current situation,” said the finance minister, who participated in the Romanian Business Leaders Summit.

He admitted that there is pressure on the exchange rate, confirmed by the National Bank, but expressed confidence that „the professionalism and reserves and experience of the BNR” ensure a correct management of the situation and that things are under control from this point of view.

AGERPRES