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Angela Merkel values Romania’s measures towards tax and budget consolidation
12.11.2011, 12:41 | Finance-Banks | 2031 views
German Chancellor Angela Merkel said on Thursday that Romania is working a lot for its tax and budget consolidation, adding that this is going to have a positive effect on the long run, and voicing her gratitude to President Traian Basescu for his political performance in this respect. “Romania voiced its intention to join the euro area in 2015 and I have the utmost respect for it. I know what it means for the people in Romania, because this country is making great efforts towards a tax and budget consolidation. I believe it will have some positive effects on the long run. This is not an easy road that is why I am grateful for your political performance in this respect,” Merkel told a press conference held jointly with the Romanian Head of State who is paying an official visit to Berlin. She stressed that the economic relations between Germany and Romania are on an upward track. Read more on Financiarul.ro
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