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Romania's 2012 economic growth projection to be revised

Romania's economic growth projection for 2012 will be revised, taking into account the financial turbulence that keeps Europe on the edge, Prime Minister Emil Boc declared on Wednesday at the opening of the 2011-2012 Legal Year, in the Romanian Academy Auditorium.

In this context, the Premier asked the institutional players in the Romanian judicial system to participate alongside the other powers in the strengthening of the Romanian state, adding that data available to the government shows that Europe and the world have not yet put the difficult times behind.

'Romania's indebtedness degree is such that it gives the country a chance. We are somewhere around 31.5 pct, a GDP share well below the maximum 60 pct allowed by the EU Maastricht Treaty and well below the public debt of some countries that are facing huge problems today: Greece, Italy, Portugal, Spain or others. But any slippage in the budget policy would only mean an exponential increase in the public debt and the incapacity to finance it,' the Premier said.

Romania's Prime Minister said that the government has always given due attention to the country's judicial system which they consider to be the backbone of the rule of law state, adding that the powers of the state cannot be cut off the rest of society.

'The Romanian government has and always will pay due attention to the judiciary within the Romanian constitutional system. I am one of those who recognizes justice as the backbone of the rule of law state. And I will permanently acknowledge this, that the rule of law state cannot exist without an independent and properly operating judiciary,' said Emil Boc.

Sursa: http://www.agerpres.ro

Tags: state romanian romanias

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