News » February, 2011 » 17 February 2011
Romanian Govt To Reduce No Of Social Services, Beneficiaries
17.02.2011, 17:39 | Finance-Banks | 901 views
Romania will reduce the number of social services and beneficiaries, whose eligibility for assistance will be tied to their efforts to find work and their children's school performance, says a government paper obtained by Mediafax. The Government argues the social assistance system has become "too costly" compared to expected results (e.g. high expenses on child-rearing benefits have not led to a rise in the birth rate), as spending on social services has increased from 1.4% of the GDP in 2005 to 2.86% in 2010, including social pensions and other benefits, without a significant improvement in the indicators measuring quality of life. Read more on Mediafax.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...
|
|
