Dinu Patriciu, the only local included in the Forbes rank of the world’s billionaires, says an external loan from International Monetary Fund is a very negative signal and that potential investors would soon step down as they would lose the confidence of profitable investments in Romania.
Different views among Liberals
Dinu Patriciu is one of the biggest tycoons in the local business environment and he is also a key-member of the National Liberal Party, the party that governed Romania in the early months of the financial crisis.
Liberals are now making public different viewpoints on the rescue package Romania called upon from European Commission and International Monetary Fund: if the president of PNL, Calin Popescu Tariceanu said repeatedly that Romania didn’t need to turn to a loan agreement with IMF, the former minister of finance, Varujan Vosganian says the loan is absolutely necessary.
Both the solid ties between the former Prime Minister Calin Popescu Tariceanu and businessman Dinu Patriciu, and their common beliefs are sustained by their position toward an agreement with IMF: “The loan from IMF is a sign of deficiency, of weakness”, Dinu Patriciu told Realitatea TV.
He added that investors could fare far better in crisis, if they knew how to speculate and that the solution lays in the business environment.
“The crisis is only a change of property. You can fare much better in times of crisis if you know how to speculate. I know that a crisis is in fact an opportunity. It means less money and more intelligence”, said Dinu Patriciu.
Dinu Patriciu said only the bold would ride out crisis and the courage and intelligence were the two weapons to battle financial crisis. He mentioned that a 15% reduction of VAT and 10% flat income tax were some reliable solutions. As for the evolution of crude, Dinu Patriciu says the oil “has
