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Nazareth: Fiscal Consolidation Is Not the Destination. It Is the Foundation From Which We Must Start the Next Stage of Development

Summary by Wall-Street
Romania cannot choose between consolidation and growth, it needs both, it must reduce inefficient spending and better organise large public services, but it must at the same time protect the investment, infrastructure, defence, energy and economic connection of the country, said, on Saturday, the interim Minister of Finance, Alexandru Nazare at the end of the informal meeting of EU economic and financial ministers (ECOFIN).

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The interim Minister of Finance, Alexandru Nazare, announces, after the meeting with Italian counterpart Giancarlo Giorgetti, that Romania and Italy want to work together to combat tax evasion and digitise the administration and that he has invited it to Bucharest. Also, Nazare emphasizes that the Romanian state wants to offer Romanians in Italy the opportunity to transform the experience, the accumulated capital, into investments at home.

·Bucharest, Romania
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Romania cannot choose between consolidation and growth, it needs both, it must reduce inefficient spending and better organise large public services, but it must at the same time protect the investment, infrastructure, defence, energy and economic connection of the country, said, on Saturday, the interim Minister of Finance, Alexandru Nazare at the end of the informal meeting of EU economic and financial ministers (ECOFIN).

Finance Minister Alexandru Nazare argues that Romania needs to continue fiscal consolidation, but to protect investment and attract more private capital. The message was sent after ECOFIN to Dublin, where EU finance ministers discussed competitiveness, financial innovation, investment and the impact of artificial intelligence on the economy. Alexandru Nazare said that [...] Article Alexandru Nazare calls for a new economic direction for Romania …

The interim Minister of Finance, Alexandru Nazare, sent in a post on social networks, in the context of participation in ECOFIN, that Romania cannot afford to postpone structural decisions and must find a balance between reducing deficits and protecting strategic investments. According to him, our country does not just need to go beyond the next budget or [...]

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Finance Minister Alexandru Nazare attended the European Union Finance Ministers' meeting, ECOFIN, in Dublin, and published the conclusions on his Facebook page. "Romania cannot choose between consolidation and growth. We need both, was the message supported by Nazare to ECOFIN. According to the minister, the talks over the last two days have [...]

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The cooperation between Romania and Italy in combating tax evasion, fraud and illicit trafficking could be extended through joint projects and exchange of experience between the administrations of the two states. The topic was discussed by the Romanian Minister of Finance, Alexandru Nazare, and his Italian counterpart, Giancarlo Giorgetti, at the informal ECOFIN meeting in Dublin. Discussions included the economic situation in Romania and Italy,…

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Mediafax broke the news on Saturday, September 19, 2026.
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