“The financial assistance from the International Monetary Fund could be delayed. The Government will have to prepare an additional memorandum with alternatives to the pension cut measure. Starting from the announced actions, the Government continued to cut back on spending, and coupled with these measures, the impact of the Constitutional Court ruling could be offset”, said Stolojan.

He added “the Government didn’t have a choice. But now, a tax hike shouldn’t be a solution”, said the leader of the liberal party.

The Constitutional Court ruled that the 15% cut in retirement benefits was not constitutional, but OKed the 25% reduction in public wages.