Antena 3 CNN Business Meeting Point . Ilie Şerbănescu: Romania has lost control over the economy and it has become a colony

Meeting Point . Ilie Şerbănescu: Romania has lost control over the economy and it has become a colony

Meeting Point . Ilie Şerbănescu: Romania has lost control over the economy and it has become a colony
25 Aug 2014   •   15:55
The economic analyst Ilie Şerbănescu was invited by Radu Tudor to the “Meeting Point” show on Antena 3.  Şerbănescu has had several  tough comments targeted at the  Romanian economy and has begun  by explaining the conditions for losing control of the national economy. 

"One country, regardless of its name, if it loses control of the economy, becomes a colony. Regardless of whether we called  it this or not ... that's another matter. The circulation of money is  crucial, in  three points. Resources, energy and  the banks. To the extent that you lose those points, you become a colony. Romania has lost them. A lot is added  here. We exert no control over commerce. The little  industry  that has left is not in the hands of  Romanians." 

Also, Şerbănescu compared Romania to several states around it which have still kept  some key points for  power unlike Romania. 

"I want to make a comparison with the surrounding countries and you'll see that the   counterparts of  Romanian in the region have preserved important pawns. Hungary kept the banking business and the fuels productions. They have no resources but  MOL is investing  in resources. Not to mention the  Czechs. They did not join in the German plan "austerity at all costs." They did not follow this crap that the World Bank had us follow, the energy monopoly. It does exist here, it  is called CEZ,  they extracted the essence  and send  it to the Czech Republic. CEZ is the Czech state. The Romanian state   no longer exists in this equation. And Croatia. The largest retailer in Croatia is Croatian. We do not have a  Romanian retailer. 10 foreign companies compete over  that which is  left, " Şerbănescu said.

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