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Former Romanian minister Mircea Geoana weighs in on the ECB and Romania's economy.
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For once against -- the European central bank and this could be big.
In either direction to more for the markets is expected to announce a bond buying program at tomorrow's ECB meeting.
Lot of people are waiting on this a lot of market watchers what do members of the EU think about the program.
Joining us now what a Fox Business exclusive -- your shock -- former Romanian minister of former affairs.
He is also of course a former French honor legion of honor winner and you have been involved in Romanian politics first off let's get -- the bond buying program.
Do you think the ECB should be announcing that they have unlimited ability to buy short dated bonds.
Mario Draghi has said a few weeks ago that.
Fuel use all the ammunition.
And ECB has ammunition.
To avoid.
A domino effect in Euro -- And probably the news from Spain -- regional governments.
Stifel.
-- out from the central government has put pressure on the ECB.
That's a delicate issue in Europe.
And opinions that.
Are arguing in favor of this track.
The other voice especially in Germany though more reluctant engaging ECB.
Full speed ahead.
So that's a very important week for Euro.
Also -- -- -- the German Constitutional Court ruled.
On the financial package and that's I'm not a big.
Question mark militia of Romania is the seventh most populous nation in the European Union and while you are member of the EU you're not quite in the easy yet the Europeans on the Euro zone where -- use the Euro.
You want to be but nonetheless it there seems to be so much turmoil there and certainly in Romania.
Your president almost just got impeached -- Cisco and and there are.
Major problems there you do not support -- you wrote an op Ed in the New York Times recently about how remain in needs to get its act together.
But at a time when many members in the EU need to get their acts together why would you be watching to be a member of this club that seems to be answered just right.
You know and Romania has tremendous potential.
And this is a difficult time for us.
Everybody lost politically and -- has lost in terms of reputation in terms of energy in terms of lots of negative buzz around us and confidence is important for markets is important for all countries is important for formations.
But I'm confident in Romania -- will come back we have not only a large country in Europe we have been most important energy resources in the holding used.
We have the most important -- is forming old -- ferrous and nonferrous metals we have the largest agricultural potential in all parts of Europe.
We have tremendous people high skills I mean I team communication -- and this is something that Romania has to offer to Europe.
Now.
There's -- -- -- -- don't -- don't what I called the double periphery of Europe.
There is a brief -- -- -- -- -- periphery of the European Union non not yet members of European.
Of the eurozone.
-- a neighbor of Romania.
Has decided to postpone.
A decision.
On on the joining hero -- -- has on the same the Czech Republic he's adamant against at this point in time.
I think that having the target of joining Euro -- is a good thing.
But I think we have to wait to see how -- the -- Comes on them bring it to the US you're right now who's watching what -- Romanian matter.
Of course everybody -- about his country but I'm not bragging.
-- a key country.
We Arabic country and he's not only about Europe is also bought the -- Middle East.
From the shores of the Black Sea we see all the way to Russia we all the way to send the -- we see all the way.
To the -- -- -- problem we see to the Middle East and northern Africa.
That's why America has decided -- NATO has decided to to put on -- -- soil anti missile defense components which is key.
We are a strategic player we Arab great ally of America.
And this belonging to remain a two year old and -- friendship and and duration and then and relationship with America.
Would continue to be despite some noises yeah.
A fundamental -- them.
Remains a country -- great potential -- regions he's a region great potential and if I would put you know.
Couple of bucks and a couple of euros as a bet I would stadium next few years when we get our act together when we strengthen our economy -- fight corruption -- more intensity.
I think -- -- region would be part of the revival of Europe and America needs a strong Euro not -- -- Q.
Mir should John he's the former Romanian minister of foreign affairs and a compatriot of -- on half remaining and so picture of a very much do you make us feel so proud the David saying really I've known in five years and your -- -- we -- -- -- -- can give -- -- citizenship.
I packed up and up after.
Pivotal thicket that.
