Romanian President Supports Govt’s Fiscal Strategy, Says Country Needs More Public Sector Layoffs - financiare.ro
 Home Page  | News  | Exchange Rates  | Interbank Rates  | Central Banks  | Capital Markets Authorities  | Romanian Banks  | Archive  | Romanian  
 Finance-Banks  | Economy  | Business  | Capital Markets  | Real Estate  | Cars  | Travel  | HR Careers Education  | Media  | IT & C  | Environment 

News » August, 2011 » 12 August 2011

Romanian President Supports Govt’s Fiscal Strategy, Says Country Needs More Public Sector Layoffs
12.08.2011, 13:15 | Finance-Banks | 1165 views



Romanian president Traian Basescu said Friday he supports the Government’s recently adopted fiscal strategy, adding Romania would default if it keeps borrowing money to pay wages and pensions.

"Romania is borrowing money to pay wages in the public sector and pensions. We're borrowing EUR3.5 million this year for pensions and the difference up to EUR4.8 billion to pay public sector wages," said Basescu, adding Romania cannot afford to continue like this.

"I support the Government's fiscal strategy because I realize we have no other solution," the president said.

Read more on Mediafax.ro




Latest news in category Finance-Banks

19.10.2016, ora 00:00 | 750 vizualizări
NBR governor disregards his own advice
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...


22.04.2016, ora 00:00 | 841 vizualizări
Mario Draghi: The ECB obeys the law not politicians
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...


23.02.2016, ora 00:00 | 775 vizualizări
The pound sterling, in its biggest decline since 2009
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...


Subscribe to newsletter
Name:
E-mail:
News: Yes  No 
Exchange Rates: Yes  No 


Top news last 7 days


Publicitate pe acest site
Copyright 1999-2020 Pandora Impex SRL.