National Central Bank counsellor Adrian Vasilescu: recession is kept in the game by the 25% salary cuts - financiare.ro
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News » December, 2010 » 16 December 2010

National Central Bank counsellor Adrian Vasilescu: recession is kept in the game by the 25% salary cuts
16.12.2010, 21:58 | Economy | 485 views



National Central Bank counsellor, Adrian Vasilescu declared for the public television TVR1 that the recession in Romania is still present due to the 25% salary cuts.

Regarding the budget, Vasilescu said that the central bank does not see an austerity budget but an adjusting one and that the balance between spending and revenue is broken.

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