Renegotiating the IMF (International Monetary Fund) Agreement might be Romania's only change to receive the full loan package granted by the international financial institutes. Elsewhere in the news, Romanian MEP Elena Basescu, the President’s daughter, has already become a reason for scandal in the European People's Party. Last but not least, 100 years passed since Romanian inventor and world aviation pioneer Aurel Vlaicu flew his own glider.

Renegotiating the IMF (International Monetary Fund) Agreement might be Romania's only change to receive the full loan package granted by the international financial institutes, Evenimentul Zilei reads. The reasons mentioned by the paper address the inability of reaching the imposed targets, like the budget deficit, which cannot go over 24.3 billion lei. Other reasons regard the effects of the economic crisis, which are shrinking the state incomes, and the structural reforms imposed in emergency regime.

Capitalmagazine sees the fiscal-budget policy as the most vulnerable chapter, as it would need a remapping of social policies and of the state incomes and pensions strategy. Evenimentul Zilei shows that the budget deficit had already reached 9.5 billion lei in April. The forecast, according to which the state budget was designed with a 4% economic decrease in mind, might have to be adjusted. Finance minister Gheorghe Pogea says it may reach 6.5%, should the economy be blocked for the next trimesters.

Possible solutions the Government may take to still meet the IMF agreement might include bigger taxes. If the Government increases the VAT or the unique income tax quota, Romania risks losing more than half of the loan, EVZ concludes.

Romanian MEP Elena Basescu has become a reason for scandal in the European People's Party, Cotidianul informs. An important Hungarian EPP leader, Surjan Laszlo,