Mihai Tanasescu (IMF): Romania does not need salary, pension or social contribution cuts in 2012

'It is a success even when concrete implementation details have not been established yet,' Tanasescu told RFI. He added that the 'correct implementation of the plan is vital now and technical aspects will be established until G20 summit in Cannes in November.'Tanasescu notes that markets had an immediate response. The euro grew to 1.4 dollars per unit at the opening of transaction sessions.

As for the leu in the context of adopting the European accord, Tanasescu is convinced that the national currency will react positively in the financial markets: 'The leu will remain stable'. In fact, Tanasescu pointed out that the BNR policy ensured financial and monetary stability in Romania.Moreover he said that in 2012 incomes must be predictable and we need ' a realistic budget and expenses should be estimated transparently. I don't think we need cuts for pensions, salaries or social contributions', Tanasescu told RFI.

Articole similare