Romania: Ponta Promises Return to Growth

Politics ♦ Published: January 12, 2013; 15:36 ♦ (Vindobona)

Prime Minister Victor Ponta underlines the necessity of austerity measures. This year, Romania´s public debt level will increase further, though.

Romania: Ponta Promises Return to Growth / Picture: © Flickr / Partidul Social Democrat

In the last years, Romania´s public debt level has risen dramatically. In 2008, public debt has totaled € 28bn. In meantime, the figure has almost doubled to € 51bn.

Last year, Romania´s GDP shrank by 0.5%. According to Ponta, Romania will return to growth soon. However, the austerity measures must be continued, he said. As a result, pensions and salaries of civil servants…