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176 new news items in the last 24 hours
11 August 08:39

Financial Times: Romania risks economic collapse due to austerity measures

Gabriel Dumitrache
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Foto: Shutterstock
The Romanian government, led by Finance Minister Alexandru Nazare, is implementing austerity measures to reduce the 9.3% of GDP public deficit, the highest in the EU, including raising VAT and suspending public sector pay and pension increases. Public protests, fueled by far-right opposition, continue to be a problem as the government faces political and economic challenges. Necessary reforms, including on special pensions, are key to accessing EU post-pandemic recovery funds. The governing coalition remains fragile and its future uncertain.

Sources

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G4Media
Financial Times: România riscă încă un colaps prim măsurile "esențiale" de austeritate
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Ziarul Financiar
Financial Times: Încercând să reducă deficitul record, România riscă un colaps din cauza măsurilor de austeritate care au stârnit furia publică şi au dus la căderea guvernelor în toată Europa în urmă cu peste un deceniu. Alexandru Nazare, ministrul de Finanţe: Guvernul e hotărât să adopte toate...
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Economedia
Financial Times: România riscă repetarea colapsului cu măsuri de austeritate „esențiale”
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EVZ.ro
Situația economică a României, analizată de Financial Times. Măsurile de auteritate ar putea duce la o criză politică - Evenimentul Zilei
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Stiripesurse
Financial Times analizează situația din România: Țara riscă să intre în colaps, cu tot cu măsurile de austeritate ale Guvernului
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Fanatik
Financial Times, despre măsurile guvernului Bolojan. „România riscă să repete colapsul cu măsuri de austeritate”

ȘTIRI PE ACELEAȘI SUBIECTE

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Economy
Moody's agency confirmed Romania's sovereign rating at 'Baa3', but maintained the negative outlook due to significant risks related to the Government's fiscal consolidation program.
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Economy
The governing coalition has decided on a budget adjustment to a deficit of 8.4% of GDP, in order to cover unforeseen expenses, which raises questions about financial sustainability.
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Economy
France is facing a new governmental crisis, affecting the budget and the economy, in the context of a large deficit and increased public debt.
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Economy
Romania recorded the highest inflation rate in the EU in August, due to austerity measures and rising energy prices.
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Politics
Prime Minister Ilie Bolojan underlines the real risk of Romania defaulting on its payments if austerity measures are not implemented urgently.
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Financial Times Romania Ilie Bolojan austerity measures collaps Economy

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