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Author Topic: AWLC to ANONYMOUS ROMANIA  (Read 1037 times)

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Offline SeekLoad

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Re: AWLC to ANONYMOUS ROMANIA
« Reply #10 on: July 11, 2014, 05:21:21 pm »
AWLC to AR
Hello Anya


Right now the terms between Romania and IMF (the International Monetary Fund) consist in a matter of linguistics only. Just a few hours after the IMF negotiator-in-chief, Dutch Emmanuel van der Mensbrugghe, said the IMF thought the agreement was interrupted, real debate started in Bucharest on the exact meaning of the phrase the IMF expert used. But what cannot be corrected is the IMF official's statement that Romania risks joining the EU as a country little competitive, given the still high inflation rate, the large current account deficit and the 50% pay rise for employees of state-owned fields, the unrealistic budget project for 2006. Romanian authorities react by stating they will obey those targets set for next year. Even if they have admitted they have not talked about it in Coalition meeting, the leaders of parties at rule have not criticized the government's decision not to meet all IMF demands. Moreover, they all think this is a good measure.

Yesterday IMF representatives gave more details on the agreement with Romania, proving that it was not annulled. According to IMF, governmental policies are not in keeping with the objectives in the stand-by agreement: inflation cut, limitation of internal lack of balance and promotion of economic growth. IMF explains: "The second and third analyses in the agreement cannot be accomplished at present, but it does not mean that the agreement has been annulled. The present agreement is to last till July 2006." IMF also expresses willingness for consulting, in case the government decides to change the present set of fiscal and currency policies.

Talk with you soon,

/ Paula Nistor
« Last Edit: July 11, 2014, 06:51:31 pm by SeekLoad »
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