Alexandru Nazare, After Moodys Warning on the Law of Pay: "It Is a Problem of Credibility for Romania"
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The non-adoption of the payroll law creates new risks for Romania, says interim Finance Minister Alexandru Nazare, invoking a note from Moodys. The rating agency notes that "the absence of an agreement on the law on public sector salaries will lead to the loss of EU funds and increased tax risks. Amintim, President Nicusor Dan announced Wednesday that PSD, [...]
Former Finance Minister Alexandru Nazare draws attention to the warning sent by the rating agency Moodys regarding the delay of the new law of pay in the public sector. In a Facebook post, Nazare claims that the problem exceeds the obligations assumed by the PNRR and can influence Romania's financial credibility, including the costs to which the State lends itself. Nazare: [...]
In a comment dedicated to the situation created around last night's payroll law, the Moodys rating agency sends out very clearly [...] The post <b>Alexandru Nazare announces:</b> Warning Moodys – blocking the new payroll law is not just a problem related to a PNRR milestone, it is a credibility issue for Romania appeared first on Financial Intelligence.
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