Editorial - High hopes, modest gains

At the same time, he emphasized the importance of stability and well thought-out policies for the business environment. “The English have a saying: ‘you can lead the horse to the water, but you cannot make it drink.’ The same happens in the economy: banks may provide inexpensive loans, but they cannot impose on anyone to consume more or make investments. If we can't have confidence in our future, how could we expect anyone to buy an apartment, a new car, or to make an investment? For that, we need an environment that is predictable,” said van Groningen.
Similarly, in a late-November interview with Business Arena, CEC Bank President Radu Gratian Ghetea spoke of the challenges facing the banking system, as the lenders were still busy cleaning up their balance sheets.