Romanian PM will ask minister of Finance to show more guts and ask the EU and IMF to allow Romania an increase in the budget deficit. Elsewhere in the news, Romania sent its last uranium deposits to Russia. Last but not least, Romanian Government is paying American company building Transilvania motorway 48 million euros back.
Cotidianul reads Romanian PM Emil Boc will ask minister of Finance Gheorghe Pogea to show more guts and ask the EU and IMF to allow Romania an increase in the budget deficit, since he would prefer the money to be used for infrastructure. Bad timing: the European Commission is ready to launch the procedure of excessive deficit against Romania, proposed for the Economic and Financial Affairs Council ECOFIN.
IMF chief in Romania pointed out in an interview that the IMF has been very generous with Romania when it allowed for a 4.6% of the GDP budget deficit by the end of 2009. A European Commission report dating May 13 notes that Romania's deficit has gone over the limit admitted by the EU for 2008, namely 3%, and recommends the EU to approve the procedure against Romania's excessive deficit.
Romania sent its last uranium deposits to Russia, Romania Libera informs. Boston Globe had exclusive access to photographing an expensive and meticulous task. There were 182 small, bullet-size cylinders sent to Russia from the Institute for Nuclear Research in Pitesti (South Romania). They contained one of the most dangerous substances on the globe: highly enriched uranium, received by Romania in 1990 from the former Soviet Union. Despite the substance not being highly reactive, the authorities were afraid it might have been stolen, due to their size.
The operation took 10.5 million dollars and five year of filling up the necessary papers with Russia and international organisations. American authorities consider th
