The Government might fail to meet the deadline set by President
Traian Basescu for state spending cuts for mid June, even though
Premier Emil Boc will choose the fastest legislative procedure:
undertaking of responsibility by the government for a law to
include every arrangement made with the International Monetary
Fund.
Yet the Government’s attention seems to be focusing on something
else: over the last three days the top members of the Cabinet have
been providing explanations about the terms of the negotiations
with the IMF, given that the Fund’s Managing Director
Dominique-Strauss Kahn told a French TV station that it was solely
the Romanian Government’s decision to cut budget paid employees’
wages by 25% and pensions by 15% instead of hiking taxes as
suggested by the IMF’s mission.
The Romanian officials, among which Prime Minister Emil Boc,
Finance Minister Sebastian Vladescu and presidential advisor
Sebastian Lazarescu said the representatives of the Fund insisted
on tax hikes and the IMF’s managing director, a former socialist
Economy Minister, made such statements before a French audience
because he wanted to get into the presidential race of 2012 against
Nicholas Sarkozy.
ZF English
Government busy explaining IMF’s boss socialist rhetoric
The Government might fail to meet the deadline set by President Traian Basescu for state spending cuts for mid June, even though Premier Emil Boc will choose the fastest legislative procedure: undertaking of responsibility by the government for a law to include every arrangement made with the International Monetary Fund.