Romanian President Traian Basescu said Thursday he has invited all parties to negotiate the formation of a new government at the presidential palace on Friday. In his first public statement following the November 30 general elections, he criticized the electoral law which he says has a major deficiency: lack of fairness. He said the system must be improved, but not changed at fundamental level. He said he hoped the nomination of a new prime minister would be made before December 15 and the new government be validated by December 24.

Key points of President Basescu's speech:

In compliance with the Constitution, when consulting political parties I'll consider their position in the Parliament according to the number of their seatsI did so in 2004 when there was a difference of one seat between the-then D.A. Alliance and the Social DemocratsI invited parties for consultations in the order given by the numbers of seats each has in the ParliamentSome considerations about the legislation, given that elections are over and changes to electoral law were subjects of a referendumI still consider the current law is a step forward as compared to previous one which was based on voting according to lists of candidatesBut the biggest deficiency of the current law is the lack of fairness. the law allows the allocation of seats to candidates who came third or fourth in their constituenciesThose who created this law now have the opportunity to admit their errorsIt's a matter of the Guinness Book that a candidate with a criminal file wins against the Justice minister in the electoral processThe system must be improved, not subjected to fundamental changesMy goal in consulting political parties: to learn their vision on the creation of the future government in a difficult moment, considering the effects of the global crisis on the Romanian economyI will pay special attent