Romania's President confessed, in a speech addressed to Romanians in France, that he accepted the Social Democrats in the governmental coalition because of the economic crisis, one newspaper reads on Tuesday. From an economic perspective, Romanian diaspora sustained the country's economy by stimulating consumption and supporting the national currency. However, the British fear an "invasion" from Romania, another newspaper reads. At the level of the Union, one newspaper wonders whether Romania will be able to appoint and negotiate an influential EU Commissioner position.
Cotidianul reads about President's Basescu's speech in his official visit to France where he confessed that he had to accept the Social Democrats in the government, despite his own creeds, in the interest of the country.
Basescu declared that he has disappointed his electorate by accepting the Social Democrats in the government and underlined that he was disappointed as well. Basescu said that a political compromise was needed in order to secure the country's stability in a period in which the economic crisis was looming over the country.
Also about Romanians abroad, Gandul reads that they have managed to sustain Romania's economy by stimulating its consumption. Despite the economic crisis, Romanians working abroad sent home almost just as much money as they did in 2008.
In the first quarter of 2009, Romanians sent some 1.92 billion euro, a 154 million euro decrease compared to the same period, last year. Romania's National Central Bank data reveals that, on average, Romanians working abroad sent home some 21 million euro/day.
The newspaper reads that the Romanian diaspora represent the biggest investors in the country's economy, considering that the money they send total 30% more than the total foreign direct investments in Romania.
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