* The tax on the compensations from the ASF, useless
The government has decided to reduce the number of members of the Supervisory Board of the Financial Oversight Authority (ASF), set up on April 29th, from 17 to 11, through an emergency ordinance adopted yesterday.
The number of 17 members was somewhat inconvenient because it would have created factions within the ASF, based on a criterion that wasn't political, namely depending on the status of executive or non executive membership, a tension which is already shaping up within the freshly created institution.
With twelve non-executives the creation of a majority coalition which would have overthrown any decision of the executives was only natural, as the latter aren't in perfect agreement themselves either.
We can't help but admire the insight of the authorities, after just one month.
The law for the creation of the Financial Oversight Authority was passed on April 23rd, the Authority began functioning on April 29th, and the current firm decision to change the number of ASF members was made less than one month later.
We wouldn't be surprised if two days from now, a new change of the structure of the ASF were announced, because if a law is passed after one month, why wouldn't an emergency ordinance be passed after two days?
Even though the vice-president of the ASF Mircea Ursache implied that only the number of non-executive members was going to be reduced, the press release of the government does not make that distinction.
Sources from the parliament claim that just like the members of the ASF were appointed in block, so should the dismissals or the appointments of the reduced number of positions.
According to sources, the parties in the USL coalition will discuss at the end of the week the appointments for the ASF, and will also negotiate with the other parti