Romania’s National Bank (BNR) Governor Mugur Isarescu thinks that a technocrat government could stand the challenges ahead if it has a clear and limited mandate, which should include economic macro stability objectives.

“You can’t ask these people to do everything, because they are not politicians and they haven’t gone out in front of the people,” Isarescu said, cited by local Mediafax.

He emphasized that macro stability was essential and that the new cabinet should also have the ambition to do something for the business environment. He added that the new Prime Minister could come from the central bank, but that he should be of the younger generation.

Isarescu himself led a technocrat government from December 1999 until December 2000 during one of the toughest periods Romania has gone through after the 1989 revolution. After the one-year intermezzo he returned to his seat at Romania’s National Bank, which he has been leading since September 1990.

President Klaus Iohannis should appoint a new Prime Minister in the following days, after Victor Ponta resigned last Wednesday, under the street’s pressure, after the Colectiv club tragedy.

editor@romania-insider.com