Romanian central bank governor says bank tax law is ‘nonsense’

The National Bank of Romania
The National Bank of Romania
Andrea Gagyi

Romania’s central bank governor said a government decree on taxing banks was “an incomprehensible bomb”, likely to cost the country’s financial sector billions of euros.

National Bank of Romania governor Mugur Isărescu’s strongly-worded criticism was the latest incident in a long-running series of disputes with the country’s ruling coalition. The coalition government is led by the Social Democratic Party, whose leader Liviu Dragnea has accused the central bank of political bias and spreading

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