​My approach is that we do not need to govern for Europe, we need to govern for ourselves and our request to the IMF was to maintain the agreement for two years so that problems will be dealt with, President Traian Basescu declared in a conference on economic recovery organized by the financial daily Ziarul Financiar.

Here are Basescu’s most important statements

I confess that I had the fear that 2012 we would risk budgetary derails because of the electoral year

For each elections, if you look back, you will see that the next two years were a hard work to recover what it was spoiled

We still have an apparatus that spends more than we produce

Our objectives is not to cut social subsidies but target them more efficiently

We plan to cut some spending with this subsidies but no one will be refused support just because we want to cut spending

Only those Romanians who need them will and should receive financial support

The current account deficit does not have to exceed 5% of GDP which is tough

The essence is to concentrate on consistent stimulation with the help of specialized banks to stimulate exports

Official objectives regarding economic growth remain the same: 1.5% for 2011 but I think we can exceed 2% this year

We will have to set a clear calendar for the liberalization of prices administered: energy and gases

We need to decide and communicate this plan to our European partners

We have resources to set up new jobs

We launched programs that can generate new jobs but the local administration do not know whether they can absorb these money correctly

European money is the main pillar to generate new jobs

We need to reorganized the administration of this country

Bucharest has too m