Military-socialist governing cannot hold inflation, USR's Drula says

Autor: Bogdan Antonescu

Publicat: 06-04-2022

Actualizat: 06-04-2022

The acting chairman of Save Romania Union (USR), Catalin Drula, says that the current governing is a "military-socialist" one, that cannot hold inflation, Agerpres reports.

According to Drula, the biggest problem for the Romanian people is inflation, which reached its highest peak in the last 20 years. The acting chairman of USR says that the Government is "feeding inflation" through the lack of adequate measures.

"The National Bank of Romania (BNR) intervened today (Tuesday, ed. n.) regarding interest rate. In my opinion, it is a bit too late. And what is going on at BNR is still a bit shy from how large inflation is in Romania. BNR's fundamental mandate is establishing prices. BNR, and I am saying this so it can hear me, should first ensure that prices are stable. It should not play politics in order to give an advantage to one Government or another. Beyond the monetary policy, in no economy can the monetary policy function separately from fiscal policy. Fiscal policy belongs in Government. What fiscal policy is anti-inflationary? A policy of reducing deficit and expenses. But what they are doing in this military-socialist governing is to increase the state's expenses through permanent employment," Drula said for public TV broadcaster TVR 1.

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