They always say that if you want to make a little money, rob a bank, but if you want to make a ton of money, become a banker. I guess the Romanian government agrees:
The government has appointed Manuel Costescu, an investment banker at JP Morgan, as state secretary in charge of the Department for Foreign Investments and Public-Private Partnerships (DPIIS), according to a decision published on Monday in the Official Gazette.
I don’t know what TVR (Romanian state television) is showing inside Romania but I watch their international feed off the satellite and they are constantly running blurbs about how great it is for people to invest in Romania. Clearly, the hiring of Costescu shows that this is a top priority for the “technocrat” government of Dacian Ciolos.
The other priority, as been long discussed on this blog, is selling off as many state assets as possible to private (and almost certainly) foreign investors.
Laissez les bon temps rouler!