President Traian Basescu declared, in an address to the Parliament, that Romania will sign a new agreement with the IMF. Due to deficits and lack of structural reforms, Romania has huge troubles getting a long term loan, Basescu explained. Follow in the article his main declarations on economic issues.
We have a low absorption level of European funds. I would be more useful to have one institution to deal with EU fund management
the maintainance of an IMF agrement is related to Romania's trust on international markets and for investors
we need a continuity for reforms, irrespective of the political color of the party that will be in government. You have two options: sustained reforms or populism. Any responsible governance will promote an austerity policy. Structural reforms are not right wing or left wing. An appeal to responsibility is address to the whole political class
we know our target for the next few years: a united Europe. In the next 10 years we have the chance to gain ground and reduce differences with other EU states
by 2020 the nymber of people living in poverty needs to be reduced by 25%. By 2020, the money allocated to research will amount to 2% of GDP. This means we have a chance to cut differences which separate us from other EU countries. Success means to allocate resources, both national and European
we need to set a realistic date to adopt the euro
we have seven operational programs financed by the EU
about the European economic governance: all 27 member states will have to submit their budget for approval to the EC. If the numbers will not be respected, euro zone states will be fined with percents of GDP and those outside the euro zone, with cuts in European funds. Noone should consider not to respect Maastricht conditions. By 2012 Romania ne
