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Romania´s President Opposes the IMF
People ♦
Published: January 24, 2014; 21:24 ♦ (Vindobona)
Traian Basescu is strictly against imposing an additional tax on fuel. Whether Romania will achieve the budget target is highly uncertain.
Romania´s President Opposes the IMF / Picture: © presidency.ro
In July 2013, Romania´s government has secured a preemptive loan in the amount of € 4.0bn. The loan will be only drawn in case of need. According to the agreement, Romania is obliged to achieve a budget deficit of 2.2% of the GDP.
Now, Romania´s negotiations with the IMF are proving difficult. After a meeting with representatives from the IMF in Romania´s capital Bucharest,…
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