No-confidence vote against the government rejected
Raiffeisen Capital&Investment - 16 Iunie 2010
Yesterday evening the Parliament rejected the no-confidence vote against the government, which should clear the way for the government to implement its measures meant to reduce the budget deficit to a sustainable amount.
The measures include a cut in pensions by 15% and a reduction of budgetary salaries by 25%. The opposition announced it will contest the measures in the Constitutional Court. We believe that investors will regard the rejection of the no-confidence vote as positive, as the alternative (the appointment of a new government) would have delayed the implementation of any measures designed to reduce the budget deficit.
Sursa: http://www.rciro.ro
Tags: government
confidence
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