Romanian Youth Voice

Romanian President Basescu calls for caution and continued reform to secure growth

Mediafax Romanian President Traian Basescu on Tuesday called on the Government to remain cautious and continue to cut public spending in the current difficult global economic context.

"We have concluded the right solution for Romania is to continue restructuring and consolidation programs agreed with the International Monetary Fund, European Union and the World bank,” Basescu said after a meeting with the central bank governor, the prime minister, the finance minister and the head of the country’s Fiscal Council, an independent body which assists the Government and the Parliament with setting up and implementing fiscal and budgetary policies.

The head of state also called on the media to be cautious in its depictions of current events citing the importance of psychological factors and the need to steer away from panic-inducing reports.



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15.08.2011. 15:22

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