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Financial Times: Romania and Latvia seem controlled experiments of tough austerity policies
23.12.2010, 21:01 | Economy | 1152 views
Romania and Latvia seem to be controlled experiments of the tough austerity policies. Romania's case is relevant for a presumable introduction of even tougher measures like those in Portugal or Greece, according to a comment released on Thursday by the British daily Financial Times. Romania and Latvia are the only states of the EU that simultaneously dropped salaries with about 30%, increased VAT and decreased the number of state employees by 20%. Read more on Hotnews.ro
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