Against PNL nationalists, Carp proposed to tackle deficit spendings by contracting foreign loans, although he supported the gold standard as an extra precaution.
Housing is the largest single item for which consumers contracted loans.
It also authorized NPC to contract foreign loans of up to U$4 billion.
He adeptly contracted loans for Venezuela, from which he amassed a small fortune.
Sometimes the CED had to contract short-term, high-rate loans.
He contracted foreign loans to finance expensive trips to Europe.
Many of these had contracted loans to pay for the earlier share issue and were counting on the dividend to pay off these loans.
Kosova is, in particular, not at present in a position to conclude any international trade agreements or to contract loans with international financial institutions.
They have the authority to levy a very few taxes (mostly surcharges) and to contract loans.
