He admitted there was the option to avoid a loan, but in this scenario the consumption would be drastically cut. “Romania has two options: to avoid an external loan and to reduce severely the productive and non productive consumption, because in a failure to finance the high deficit you have to reduce imports, and the other solution is to obtain the loan and gain time to make the required structural reforms”, the EP member concluded.
The minister of Transportation, Radu Berceanu said the PSD leaders have no reason to be bothered by the fact that they had not been informed on the official visit to IMF. “I wasn’t informed on the visit or on the loan negotiation. It was assigned a delegation made up of a representative from Ministry of Finance and one from BNR for first round of talks, to examine the environment, and not necessarily to negotiate or to conclude anything. The delegation had no mandate; I don’t think there is the need for so much agitation over this”, said the leader of PDL.
As for the statements of PDL leaders at the end of last week on PSD not being treated as equal partner in the coalition, Berceanu said “We don’t have to take all the statements for granted. These are only ‘previews’ of the election campaign to come, as many candidates get ready for the race”.
President Traian Basescu will deliver a speech to the Parliament on Monday, at 16:00 on CA deficit and external finance.
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