Prime Minister Ilie Bolojan underlines the real risk of Romania defaulting on its payments if austerity measures are not implemented urgently.

In an interview, Prime Minister Ilie Bolojan said that Romania faces a high risk of default due to its record budget deficit. He stressed the urgent need to cut spending and implement tax reforms to restore investor confidence. Bolojan said the initial fiscal measures must be quickly followed by others, warning that without decisive action, the country could return to a precarious economic situation. The governing coalition faces internal tensions, but Bolojan is determined to press ahead with necessary reforms, even at political cost.