[ad_1]
Economist Adrian Câciu sounds the alarm about the world economy, but also about the prudent measures that banks have already begun to apply.
Adrian Câciu, economist, explained exclusively for DC News prudent measures that banks have begun to take in the granting of bank loans.
Reverse effect
“First of all, it is a precautionary measure by the banking system, an effect of some regulations of the National Bank. A normal precaution in the end because in situations of recession or economic crisis, including what it means to reduce the income of the population, There is the opposite effect in the sense that the world would like to solve its problems quickly through a loan, but without calculating the opportunity cost to see if it can be paid. Then it is possible to put a lot of pressure to take out loans, and the possibility of covering these loans then becomes much more uncertain.
“It is not spoken in Romania”
It is normal for this caution to exist, but on the other hand, the Romanian banking system and the Central Bank are watching what is happening right now in the world. In Romania this is not discussed, but it is already known that the economic recession is beginning to be felt, all economies fall and will be followed, in one or two years, by a financial crisis four times greater than in 2008. Anyone who wants to see this can see how the US stock markets have evolved, they have risen to the sky, so to speak, they are at the level of January 2020 and this is in the following background: money thrown into the air is not led to the physical economy, but to companies that invested in stocks. We are exactly in the situation of 2008 when the money did not reach the savings and went to the stock market. The stock market grew a lot, money was converted into derivatives and then there was the collapse of those values.
Public and private debts increase
This is exactly what will happen in 2022. Then it will probably be a very strong financial crisis, and such a financial crisis will have the effect of a sovereign debt crisis, both private and public, a crisis that is amplifying day by day. happen because you see that even now the state and companies are borrowing. This is how this prudent approach of the banking system should look because it does not want more exposure than it should, given what will happen in the future when it will have to stay in capital and if it lends capital it will no longer have it, “said Adrian Câciu for DC News.
[ad_2]
