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Romanian President Calls On Ministers’ Solidarity Over ‘Tough Decisions’

Romanian President Traian Basescu on Saturday asked the ministers to show solidarity in the tough measures they are about to make, which will most likely defer several parliament-approved laws due to the economic downturn.
Romanian President Calls On Ministers’ Solidarity Over ‘Tough Decisions’
27 dec. 2008, 16:10, English

 

Basescu warned the ministers they will face harsh criticism, but assured he will support government’s actions as long as he is aware on the mechanisms that lead to their decisions.
 
The head of state has briefly attended a Cabinet informal meeting on the 2009 draft budget.
 
Finance Minister Gheorghe Pogea said last week that the 2009 draft budget, which was approved by the government in October and is pending Parliament debates, will be swiftly revised based on updated economic indicators following the international crisis.
 
Romania’s center-left coalition, formed of the Democrat Liberals and Social Democrats, targets a budget deficit of maximum 1.7% of the GDP in 2009 and a current account gap of 10.5% of the GDP.
 
Inflation target was set at 5%.