Archive » June 2010 » 16 June 2010 The english news from 16 June 2010
Fitch: Romanian economy to drop by 1 pc in 2010
Fitch anticipates the Romanian economy will drop by 1 per cent this year and is not expecting a "significant" improvement in the country's rating, Richard Hunter, Fitch director for Europe, the Middle East, Africa and Asia Pacific, stated. According to Mediafax, he pointed out that this prognosis is "very conservative" and the agency is trying not to talk about the worst possible scenario.…
No-confidence motion defeated by Parliament
A no-confidence motion called Stop Social Genocide tabled by 120 lawmakers of the PSD+PC was defeated by the joint sitting of Parliament, Senate's Democratic Liberal Secretary Gheorghe David announced. 'The Standing Bureaus of the two chambers of Parliament found that 228 of the valid votes were cast in favour of the no-confidence motion, while 197 votes were cast against. Three votes were cancelled', David said. …
FinMin: Austerity measures are needed, at the moment
The austerity measures regarding the drop in the budget expenditures, the Government proposed, are required at the moment, and the single ones that can bring the balance Romania needs, Finance Minister Sebastian Vladescu said at the Parliament's Palace. 'Irrespectively of the street pressure, Romania has been facing a serious economic situation. I am absolutely…