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Even the National Bank of Romania doesn't have the huge resources needed to intervene in the market and keep the leu at an acceptable level, because they're drawing close to a floor below which the bank's reserves can't drop. The central bank has to wait for a moment of calm to efficiently conduct its interventions. ↗
The pursuit of pretty formulas and neat theorems can no doubt quickly degenerate into a silly vice, but so can the quest for austere generalities which are so very general indeed that they are incapable of application to any particular. ↗
There is nothing more agreeable in life than to make peace with the Establishment - and nothing more corrupting. ↗
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