BLOOMBRG/ Romanians are facing severe budget cuts to avoid becoming the next Greece which makes some long for the ordered days of dictator Nicolae Ceausescu. To them Ceausescu stood for “order and stability." Now PM Emil Boc faces a no-confidence in parliament over budget-cutting measures to reduce public wages by 25% and pensions and jobless benefits by 15%. The IMF and investors have poured 22.4 billion euros into Romania since it joined the EU.
(Foto of PM Emil Boc)
Posts