News » August, 2011 » 2 August 2011
Romania Must Walk The Wire, Carefully, Without Populism - President
02.08.2011, 14:23 | Finance-Banks | 1012 views
Romanian President Traian Basescu said Tuesday on public radio that "Romania has to walk the wire, carefully, without populism, but with pragmatism." The president said Romania is better-off than Italy, Spain, Portugal, Ireland or Greece from the perspective of its macroeconomic balance and need to borrow, but the economy is still fragile. He added that "some politicians" have learned that Romania has managed to slash expenses and increase earnings, so that it has an additional 2.5 billion lei (EUR590 million) at its disposal, and they have started a rumor that salaries in the public sector were to be raised. Read more on Mediafax.ro
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