Poking the Giant

In response to your letter on December 19, 2018, asking the Central Bank of Romania’s opinion on the emergency ordinance to raise taxes, we hereby send you a series of analyses that we have conducted. We would also like to mention that since we only had a limited amount of time to prepare this report, our conclusions must be considered merely preliminary in nature.

Comrade Teodorovich

Less than a year ago, the ruling coalition decided to replace their existing Minister of Finance with an old PSD party stalwart named Eugen Teodorovici. On the surface, it seemed to make sense. Eugen studied economics in Bucharest and had previously served as the Finance Minister under Ponta, although he was pretty forgettable in that…