ECB says Romanian government breached EU law over bank tax
Governor again warns emergency tax decree could harm banks and damage monetary policy
Romania’s central bank governor told the country’s lawmakers that a hastily-imposed bank tax could make monetary policy unworkable, while the European Central Bank strongly criticised the country’s government over the measure.
Local media reported that National Bank of Romania governor Mugur Isărescu was meeting the country’s finance minister Eugen Teodorovici today (February 18) for talks aimed at resolving an increasingly bitter dispute over the tax and other matters.
Yves Mersch, an ECB
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