Romania's low level of debt - 33-35% of the GDP - allows the country to borrow 30 billion euros more before EU sanctions. Elsewhere in the news, fourteen Romanian teenagers, have been arrested in Paris, accused of cash machine theft. Further in the news, the snow ball effect on the public debt could lead Romania into a formidable deadlock. Last but not least, 11 Romanians have been exploited by a co-national in Portugal.
Romania's low level of accumulating debt - 33-35% of the GDP - allows the country to borrow 30 billion euros. Anything over might attract sanctions from the European Union, Gandul reads. Romania's current debt is 21% of the GDP, but the chief-economist from UniCredit Ţiriac Bank told Gandul that it might reach 37% in 2010.
Romanian Finance minister announced that the taxes will not increase during the next year. He told Gandul that Romania's plan is to borrow massively from national and international institution. The Maastricht Treaty recommends that Romania cannot have a public debt bigger than 60%.
The 11 billion euros to come this year from the IMF and the European Commission are meant to pay salaries, pensions, protect the exchange rate and encourage the restart of the crediting. Romania can still borrow a sum equal with 25% of the GDP, meaning 30 billion euros.
Evenimentul Zilei reads fourteen Romanian teenagers, with ages ranging between 12 and 16, have been arrested this weekend in Paris, accused of theft from French cash machines, Romanian press agency Mediafax informs. Eight girls and six boys robbed quite a number of people while they were redrawing.
The teenagers split in groups of three or two, distracting the bank's client and using a newspaper to cover the cash machine's buttons, while they were typing in a sum, or were stealing money already ordered from a hole in the wall. The
