Author
In a recent report, the Institute of International Finance estimates that global debt has reached a new record high, 253 trillion dollars by the end of September. The analysis considers that this is debt accumulated mainly by governments and non-financial…
Read moreThe recent events in the Middle East that led to an escalation of tensions between the US and Iran had some otherwise respectable analysts jump to rash conclusions about Romania’s possible involvement in the conflict. I am intrigued that these…
Read moreThe dire demographics have us worry about how the world or the country will look like with a more aged population. I believe that this growing concern mostly explains the success of my “Welcome to the land of the elders…
Read moreA good-quality change management requires thorough planning of change, dosage and good communication, assessment of possible sources of resistance and ways to mitigate it and why not, compromise. Excellent ideas may get buried by a massive negative reaction from those…
Read moreThe decision by the rating agency Standard & Poor’s to downgrade Romania’s credit-rating outlook from stable to negative seems to have come as a surprise. I believe that the agency’s explanation was sufficiently clear to exclude any speculations: the large…
Read moreIt was a bullet whizzing past us, investors, bankers, employees, employers, consumers, deposit holders and the list could go on. The 2008 crisis, by its complexity, has had a serious and profound impact on financial and economic systems, in the…
Read more1918 was a watershed moment for Romania and will remain an exceptional year in its history. The stars aligned into a great conjunction that not even the most upbeat dared to dream of. Historian Lucian Boia noticed that the outbreak…
Read moreTo rise up and go it alone against the establishment is not an easily made decision. Despite corporate managers and governments urging transparency, ethical behaviour or the flagging of any unfair or outrageous behaviours, the truth is that, more often…
Read moreOne of the “compelling” arguments that those who refute the danger of the economy slowing down and sliding towards recession put forward is the Romanian consumers` appetite which shows no sign of abating. And why would it while consumer sentiment…
Read moreI repeatedly read the other day an interview by Deutsche Welle with professor Herbert Brucker, researcher on international migration and European integration with the Federal Institute for Employment Research in Nurenberg. He basically argues in favor of immigration to Germany, putting…
Read more
