News » May, 2012 » 7 May 2012
Basescu: I am unreservedly supporting restoring public wages to their pre-cut levels
07.05.2012, 10:28 | Finance-Banks | 537 views
President Traian Basescu on Sunday said that he is unreservedly supporting restoring public wages to their levels of before a 25-percent cut in 2010. ‘I am unreservedly supporting restoring the public wages to their pre-cut levels. This is what I have told the International Monetary Fund (IMF), the outgoing Cabinet, the IMF mission of February, the Romanian Parliament, the Cabinet-designate and the Prime Minister-designate. I have informed all of them of this option and this obligation incumbent on us to the public employees. The increase now in public wages will not widen the structural deficit in the public healthcare or the public pension funds. On the contrary, the increase in public wages will narrow the deficit in the public pension fund because the contributions to the fund will be computed against a higher amount for each salaried worker,’ Basescu said Sunday ah the Cotroceni Presidential Palace. Read more on Financiarul.ro
|
Latest news in category Finance-Banks
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...
|
|
