All newspapers on Friday read about the crash of the Romanian currency, that registered its worse quotation in history as compared to the euro of 4.18 Ron/euro. In politics, the president attempts to save the new government's image after it passed a normative act ruling that professors, actors and doctors should choose between their pension or salary. Internationally, Romania was the third weapons supplier for Israel after France and Germany.
All newspapers on Friday read about the crash of the Romanian currency as compared to the European one, registering a historic 4.18 Ron/euro. Gandul reads that an important financial group read that the national currency will depreciate with another 5%.
Consequences will not only be felt by bankers but by all Romanians, businessmen and citizens alike. All imported products will increase from fruits to plane tickets or foreign currency credits. The food sector already announced an increase in prices in a few weeks.
Romania's National Central Bank governor Mugur Isarescu, in a press conference on Thursday declared that things could get worse. Economists wonder why the central bank did not maintain the currency's level below 4,00 Ron/euro because a weak currency has a negative impact on the country's economy. However, the shared opinion is that the central bank will maintain the exchange rate at 4,3 Ron/euro.
Also in the news, the recently installed Boc government is already facing controversy, after the approval of a normative act that rules that, if a person already receives a pension, he is not allowed to receive a salary.
However, President Basescu, Evenimentul Zilei reads, jumped to save the government's image by passing on responsibility to the judges. The ordinance, that rose urge among professors, actors or doctors, could be canceled before even being implemented.