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The European Commission does not think there will be necessary any more amendments

Romania will reach its targets established with the EC and IMF for 2010 and 2011 and there will not be necessary supplementary amendments, the head of the Unit for the Czech Republic, Poland, Romania and Slovakia in the European Commmission Laurent Moulin during the international conference « Romania – the future beyond the crisis », organised by the Association of Italian Business People in Romania – Unimpresa and the Alliance of Employers Confederations in Romania. '

We are optimistic as regards Romania's future. The EU and IMF are satisfied with the progress. Romania will reach its targets established with the European Commission and IMF for 2010 and 2011 and no amendments will be necessary' Laurent Moulin said, who appreciated that Romania's economy will increase by 5% in 2011, 4% in 2012 and 3% on medium term, without reaching the increase before the crisis.

Laurent Moulin appreciated that the implementation of the programme with EC, IMF and the World Bank is good. Among the positive parts, the EC representative mentioned the reform of pensions, the unitary salarisation, although there are difficulties which show the necessity to continue the programme of macroeconomics stabilization, of applying the whole fiscal package. ' The business environment must become stable and predictable, and the discussions about the amendment of taxes and the pensions laws are not productive' Moulin said.

According to him, Romania must start to relax its monetary policy and improve the orientation of the social assistance system. ' The national priority of Romania must be the improvement of structural funds absorption and the payment of debts' the head of the Unit said, when mentioning that Romania's issues take 70% of his time.

Romania, Hungary and Latvia are the countries most hit by the crisis, and in Romania's case, the explanation is due to deficits, especially the budgetary and the current account one, accumulated before the crisis. Due to the drop in GDP and the increase of current account and budgetary deficits, the strength of the crisis in Romania was predictable. Moreover, according to Laurent Moulin, the exchange rate for the leu is a realistic one.

Sursa: http://www.actmedia.eu

Tags: moulin crisis romania amendments there european

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