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The economist Adrian Câciu lashed out at the government, saying that during the pandemic, Romanian companies did not receive help, but instead went into excessive debt.
“It came with the over-indebtedness of the companies, and I criticize it. People may not know why! In 2010, when there was a financial crisis, the degree of indebtedness of companies was 65 percent. In 2019, the grade went from 80 to That means that you have bank credit, as a company, or supplier credit, when you close the economy and the only oxygen valve is still a loan, I ask everyone, you don’t even have to be economist: In what value of the offer will you be able to “Because it does not heat anyone because it is an interest subsidized by the state. It is good that it is subsidized, that the credit is guaranteed, that it has access. But nobody took credit if it was not profitable, solvent”. So that he could take credit in peace.
Why not propose, for example, grants of € 1 billion as a first step? The government could say that each company receives 5,000 euros. The little ones. The big ones receive 150,000 euros. These are de minimis schemes, through which companies can take up to 200,000 euros, according to an analysis. Certain sectors could be promoted. Because if you want to take advantage of the crisis, convert consumption energy into production energy. But the cart was placed before the oxen. First the credit and then the support ”, declared Adrian Câciu exclusively for DC NEWS.
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