Romania May Face Econ Collapse Unless Govt Finds Solutions – Employers Assoc Head

Coraci said the Government should seek real solutions and implement them immediately or else the crisis would grow worse.

"Romania is currently in a very bad moment and the only useful thing is that we found out from the President and from the Government data proving the amplitude of the crisis. Despite all these, we see absolutely no tangible measure," UGIR head stated.

He also said the measures included by the Government in the 2009 budget draft include no anti-crisis action, except for the decision to capitalize state-owned lenders CEC Bank and Eximbank.