“If the public spending reforms were on track, under the tax scheme for 2009, the country would need €3.5 billion by the end of the year, namely less than two months. Putting off the implementation of these reforms would only heighten Romania’s financing needs to €5 billion, should the European Union and International Monetary Fund refuse to disburse the following tranches under the aid deal. In our opinion, a growing political instability would cost the country another €1.5 billion”, Croitoru said before the Parliament.
He added that the inexistence of a Government delayed Romania’s compliance to the generally upward trends seen in the large markets.
“It takes political determination to install a functional Government, and I invite you to exercise it”, said Croitoru.
In lipsa unui acord scris din partea InternetCorp, puteti prelua maxim 500 de caractere din acest articol daca precizati sursa si daca inserati vizibil linkul articolului Political instability could cost Romania EUR1.5 billion.