He told Business Standard that he believes Romania can overcome the crisis easier than other countries, as it has fewer toxic loans and deals with sophisticated financial products. “The new government must deal with the economic crisis, to lead Romania to a position capable of getting it out of the current situation. You will have a coalition government, which can be a good thing, because everyone will have to compromise on more extreme positions and agree on practical issues ahead. This could be the best timing, “Giuliani said. He advised local authorities to proceed with infrastructure investments, which are necessary in the long-run, to fight unemployment. “If I were to make a major investment, it would be in infrastructure. I would speed things up and do it now. Expenses could be high now, but one would have made them anyway in a year or two,” he said. To be able to support such investments, local administration should focus on cutting spending, Giuliani added.
