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Adevărul - Romania | Tuesday, August 11, 2009

Romania out of money

In the wake of the budget audit by the International Monetary Fund (IMF), Romania plans to lay off 150,000 civil servants in exchange for a loan package amounting to billions of euros. The daily Adevârul writes: "This demand doesn't come from the government [of Prime Minister Emil] Boc; it is the sole condition of the IMF for continued payment of the loan. ... Today we find ourselves in a unique crisis situation. ... We are currently in the midst of the blackest period since 1997. We're out of money, and the Boc government must borrow from banks to pay pensions. Every segment of our non-reformed society hangs like an invalid on the drip of the foundering executive. The areas of education, health and justice have become major money guzzlers without any prospect either of supporting themselves or of reform. Everything that has happened in Romania in the last 20 years has been the result of prompting and pressure from external organisations, especially the EU. Our political class has failed at everything it's attempted."

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