Heavyweights of the international financial world, majordiplomats and representatives of big international corporations metlast weekend in Bucharest at the regional European meeting of theTrilateral Commission - a private think tank that debatesinternational matters, which was established in 1973.
Surrounded by the discretion specific to a non-official group,consisting of the world's most influential figures, the meeting washosted by Mugur Isărescu, governor of the NBR (National Bank ofRomania). He and Mihai Tănăsescu, Romania's representative to theIMF, are the only Romanian members of the Trilateral.
This was the occasion that brought to Romania major internationalfinance figures such as Peter Sutherland, chairman of Goldman SachsInternational and of the London School of Economics, and JacobFrenkel, chairman of JP Morgan Chase International, former governorof Israel's central bank. Other participants to the Bucharestdebates on regional matters and on the European crisis includedMario Monti, European chairman of the Trilateral, who is alsopresident of the famous Bocconi University in Italy, and former EUcompetition commissioner, Wolfgang Ischinger, head of Allianz'sgovernment relations, former German ambassador to the UnitedStates, and Nigel Higgins, chief executive of the RothschildGroup.
Talks were held on Saturday at the NBR headquarters and on Sundayat the Radisson hotel, with the occasion being marked by tworeceptions held on Friday by Premier Emil Boc at the Hilton hotel,and on Saturday by President Traian Băsescu at the CotroceniPalace.
This was a rare opportunity for influential people on theinternational scene to find out more about the economic andpolitical situation in Romania, especially in the context of thecrisis. Beyond the first impression of a country prone to socialturmoil and political scandals that some participants had coming toBucharest, Mugur Isărescu and Mihai Tănăsescu, alongside ForeignMinister Teodor Baconski and PNL (National Liberal Party) SenatorTeodor Meleşcanu, former foreign minister, held speeches about thefactors that led to such a heavy crisis in Romania, about theimpact of austerity measures and about possible solutions to thecrisis.
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