Financial Education Now Critical
Financial education must become a top priority in today’s volatile world, Romanian Prime Minister Marcel Ciolacu said Friday at the Financial Education Forum, CE Report quotes Agerpres
He warned that the recent turmoil in global stock markets, driven by escalating trade tensions, highlights how critical it is to make well-informed financial decisions. “There could not be a more important moment to reflect on financial education,” Ciolacu stated, emphasizing that poor financial choices can have devastating consequences.
Even experienced economists now struggle to predict economic trends, Ciolacu noted, reinforcing the need for widespread financial literacy. He announced that Romania is already taking steps, including introducing financial education in school curricula and developing a National Strategy for Financial Education by 2030.
However, he stressed the need for a more practical, youth-oriented approach, citing successful models from Finland, the UK, and the US.
Ciolacu called on Romania’s banking sector to partner in this national effort, saying financial education is not just about managing money—it’s about creating opportunity and ensuring a stable future. He also noted its role in encouraging entrepreneurship and sustainable economic growth.
