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Ioan Bogdan
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Ioan Bogdan: Lucian Blaga University of Sibiu

Revista Economica, 2012, vol. Supplement, issue 1, 105-108

Abstract: We address these issues, which we consider fundamental for Romania and not only, in a time when the impact of the economic crisis and of the IMF loan are far from being shaped conceptually and pragmatically, as solutions.We, unfortunately alone, express the view that this devastating phenomenon - the crisis - has two distinct components: a real one, induced by the errors that were made, especially in the banking system and a psychological one of fear, of the disorder, the arbitrary restriction of activity, etc., therefore generated out of ignorance, which in our opinion has the largest impact.Regarding the IMF loan, we want to warn that any borrowing for consumption has dramatic consequences for the country and that every household, so any normal person would get a loan only for development, otherwise this person would not create the normal resources for repayment. Unfortunately, this aspect of the issue is enveloped in a dangerous nebula. In this paper we address these problems, covering a reasonable space.

Keywords: crisis; loan; impact; management; state; management (search for similar items in EconPapers)
JEL-codes: O11 (search for similar items in EconPapers)
Date: 2012
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