Bankers need to accept delays in credit payments, as debtors cannot pay their back loans in time, one newspaper reads on Tuesday. Elsewhere in the news, even if the government announced cuts in budget spending, transports and housing spending for Chancellery's employees has increased considerably. Last but not least, Romania's legel representatives at the International Court of Justice saved some 600,000 euro of costs by writing their own pleas.
Gandul reads that almost 80% of Romanians fail to pay their debts to the banks in due time and that bankers urged the National Central Bank to extend the period of forced execution of debtors from 90 days to 120 or even 150 days.
The proposal was made by Romania's Banks Association president Radu Gratian Ghetea when meeting Romania's Governor, Mugur Isarescu and Finance minister Gheorghe Pogea. Ghetea declared that in times of crisis it was better to be active and change regulations.
The request would give another chance to citizens facing critical times and would also help commercial banks, economic analysts argue. Coface Romania General Director Cristian Ionescu estimates that 80% of the population pay their debts to banks after the deadlines expire and that 10 to 15% of these of are forced execution cases. Given the conditions, more lax regulation seems a natural initiative, considering the increasing unemployment rates.
In politics today, the government seems to cut spending in one part just to increase it in anothers, Cotidianul reads. More precisely, the government increased transports and housing spending for people recently employed at the Chancellery and live in the city of Cluj, where PM Boc served as mayor.
According to the 2009 budget, allocations for transports to and from the job as well as housing allocations for the Prime Ministry's Chancellery will in
