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Neue Zürcher Zeitung - Switzerland | Tuesday, February 7, 2012

Inequitable austerity ensures downfall

As long as Romania's elites continue to enrich themselves at the expense of the community, austerity programmes will be the downfall of governments, writes the liberal-conservative daily Neue Zürcher Zeitung: "It's clear to most people that cuts must be made. The question is only how and where. In Romania as in Greece, many people have the feeling that above all those who already have very little will be squeezed of all they have to get the country back on track, while the politicians continue to lap away at the state trough. But unlike in Greece, where experiments in downsizing the bloated state sector have become stuck in the quagmire of bureaucracy, the Boc government has introduced structural reforms. Extensive lay-offs were carried out in the state apparatus and public sector salaries were cut. The first positive results have been registered, even if until now they have been reflected more in economic parameters than in real life."

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