Romania may end up paying rationed salaries

Publish date: 27-07-2010
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Having just arrived in Romania, Jeffrey Franks, the head of the Fund's mission to Bucharest, announced that the IMF will take into consideration for 2010 a recession of more than .5% but under 3%. Considering that it would be difficult for the state to borrow money from abroad in agreeable conditions, and that domestically relationships with banks aren't that great, official sources have stated for Gandul that the Government has discussed the most pessimistic of scenarios possible, applicable if there is no money to be borrowed: rationalizing the payment of pensions and salaries.

"Putting it simply, the state could just run out of money, which would mean it would have to rationalize its expenses. This could mean terminating all investments and delayed payment of salaries and pensions", our sources declared for us.


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