“I believe that a joint approach is better because these countries interact, and there are effects on all. You have already seen this model functioning in Western Europe, where France, the United Kingdom, Germany, Belgium, and the Netherlands are talking to each other, coordinating their central banks, and the activities in various industries. It would be a good idea if there were a coordinated response for financing and restructuring in this area as well,” added Hassan in a statement for Business Standard. He went on to say that the only advantage to making a decision alone is to ensure immediate success, and you are not held back by the others. Until recently, with the exception of Hungary, all other Eastern countries opposed a joint anti-crisis battle plan, and the only attempt at coordination was the pact between the central bankers of the Czech Republic, Poland, Hungary and Romania. “I believe that the benefits of a coordinated effort are major. I believe that protectionism risk exists at this time both regionally and nationally. The EU will play an important role, based on how it manages these protectionism issues, and the way in which it handles this will demonstrate the strength or weakness of the European Union,” added Hassan.
Ahmed Hassan is the second “Romanian Big Four” (local branches of the four consulting giants PricewaterhouseCoopers (PwC), Ernst&Young, KPMG and Deloitte) partner to be assigned regional responsibility, after Vasile Iuga, head of PwC Romania. Hassan believes that his appointment means that Romania and the countries in the Balkan region have become increasingly more important for Deloitte’s European business.
