BNR official: The state should not help banks in distress

Lazea explained that the fall of a bank would not lead to a domino economic effect, as was the case in the U.S., where banks are connected to the stock market. Furthermore, the ratio of banking services in gross domestic product (GDP) is low in Romania, most banks in the country are “in private hands,” and the local economy is growing 6 percent annually, placing it far from recession. (NewsIn)