Populism is flourishing, as if world economic crisis would be invisible (chief economist)

Autor: Andreea Năstase

Publicat: 19-03-2026 17:53

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Sursă foto: stiripesurse.ro

Populism is flourishing, as if they were not seeing that there is a global economic crisis, as if it had been forgotten that Romania is at a time of excessive deficit procedure and not even half of the path of budgetary correction has been made, according to aid Valentin Lazea, chief economist of the National Bank of Romania (BNR).

"Why do I think it's a meritorious book? For several reasons. First of all, because it has a multidisciplinary approach. Economic analysis is doubled by historical, cultural, sociological, political and geopolitical analysis. That is what must be written when we write about economics. This is the standard that we should impose on ourselves in all circumstances. Secondly, I noticed that it has an anti-populist approach. Today, when we are surrounded by waves of populism that are pouring towards us from all the media, from all televisions and so on, especially under crisis circumstances, when no one wants to lose absolutely anything, but no one wants to lose absolutely nothing, we see that populism is flourishing, as if it the ongoing world economic crisis would be invisible, as if they had forgotten that Romania is at a time of excessive deficit procedure and that we have not even made half of the budget correction path that we have to take and we are already thinking of taking steps backwards. And as if it were not seen that Romania's external debt is increasing by EUR 2 billion per month. This is how much it increased in January, by 1.9 billion euros", said Valentin Lazea, at the debate on the work "Crises and the authoritarian temptation", academic author Daniel Daianu.

He said that under late communist dictator Ceauescu's reign, Romania had problems because of a smaller amount of USD 1billion in total debt.

Lazea mentioned that the third thing he notices about academician Daniel Daianu's book is the liberal-democratic approach opposed to authoritarianism and illiberalism.

Also, the chief economist of BNR pointed out that the paper has an anti-dogmatic approach, in which the author shows that liberalism, as it is perceived in Romania, represents a truncation of the true liberal doctrine and the same regarding social democracy.

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