Sunday, February 16, 2014

A necessary law

While nobody discuss Romania's entry inEuro zone in 2015 (because, frankly, it doesn't seem realistic) the telcos in Romania are expressing their prices in EUR, which is totally unfair because they hedge the foreign exchange risk to the customers. None of the telcos in Romania is an greenfield one, they have quite a large client base and they can hedge the risks by themselves now. While most Romanians are paid in RON all the prices should be paid in RON with no exception. A law to impose this would be more reasonable than one that helps the banks by halving the payments of the low income people.

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