The latest available version of the “greed tax” submitted by finance minister Eugen Teodorovici to banks “is a disaster”, MP and financial expert Florin Citu said in a Facebook post quoted by Wall-Street.ro. He also disclosed some provisions to defend his statement.

The Government’s statements about the "greed tax" remain vague one week before the deadline for the first payment to be made by banks, under the provisions of emergency ordinance 114/2018. The deadlock is nearing as the Government can't, by law, amend OUG 114 before the Parliament passes it (under one form or another).

The Government will set, by ordinance, targets for each bank regarding the lending and the loan/deposit interest rate margin, every year, Citu claims. Unless they observe their targets, the banks will pay the full “greed tax”.

“I hardly wait to get rid of this,” finance minister Eugen Teodorovici answered journalists’ questions on this topic.

He said that the Government has already notified the European Central Bank, but it is unclear how the Government was able to inform the ECB about some provisions that were not yet fully agreed over with the banks and are still subject to negotiations.

editor@romania-insider.com

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