With a 7% budgetary deficit, Romania's agreement with the IMF is endangered, one newspaper reads on Wednesday. Elsewhere in the news, Bucharest authorities plan to spend some 22 million euro to green up parks across the capital city despite the crisis. Last but not least, the scandal surrounding private university Spiru Haret determines politicians to take stands in its defense, starting with the President.

With a 7% budgetary deficit, Romania's agreement with the IMF is in danger, Cotidianul reveals. Romania's Economy minister Adriean Videan advanced the worse budgetary deficit estimate at 7% of GDP. IMF targets needs to be re-negotiated and if the IMF refuses, our country can kiss good bye the rest of the money.

Romania's budgetary deficit will exceed the targets set by the IMF and will most probably register 7%, Adriean Videan said for a local news television. The economic contraction will register around 6% or a little below it.

Videanu's GDP estimate is a bit more optimistic than the one presented last week by Finance minister Gheorghe Pogea. Pogea declared on July 15 that Romania's economy might contract this year by 6.5% to 7.1%.

The newspaper reminds its readers that, after the budgetary change in April, a 4.6% budgetary deficit and a 4% economic contraction were put forward by authorities. Considering this situation, Economy minister declared that the agreed targets need to be renegotiated with the IMF.

IMF Romania representative Mihai Tanasescu thinks that authorities might be able to modify the terms of the agreement considering the new economic situation.

Bucharest authorities plan to spend some 22 million euro to green up parks across the capital city, defying the economic crisis, Evenimentul Zilei warns. The money is to be spent in installments, for the next four years. Even so, thi