The parliament meeting is scheduled to start at 4 p.m. local time.
Last week, Basescu said he will speak in Parliament about Romania’s possibility to take out a foreign loan to help the country overcome the economic crisis.
"It will be the choice of the parliament and of Romanians whether we fasten our seatbelts or we make due with the resources we have. (…) It is in this vein that I will address the Parliament on Monday,” he said.
He said Romania might have to make due with the resources it has if the parliament and the population decide against a foreign loan.
"We’ll be able to get through the crisis decently if we decide to,” Basescu said.