US EditionWithout a fiscal reform, Romania's economy risks falling into the "junk" category. Dăianu: "Reducing spending is not enough"
6 Articles
6 Articles
Adrian Negrescu announces the imminence of an economic crisis in Romania and the demotion of our country to the level of “Junk” after the elections. The budget deficit has reached a record level, and our country will borrow at very high interest rates. Article Adrian Negrescu, economics specialist: “A new wave of tax increases is coming. If Romania does not make tax corrections it goes to Junk” first appeared on Romania TV.
The rulers did not learn from the lessons of the 2009-2010 crisis and from the agreements with the IMF that subsequently balanced the state's finances with austerity measures, thus bringing Romania now into the situation of having...
Romania needs a new fiscal reform to avoid a junk rating, warns Erste, one of the largest banks in Europe. A "junk" rating means that the country is no longer recommended for investors. The President of the Fiscal Council, Daniel Dăianu, reiterated on Wednesday, on Digi 24, that changing the fiscal regime is inevitable, because reducing budget spending is not enough to reduce the deficit, with the real possibility that it could reach 8% of GDP t…
Economist Radu Georgescu: "Unofficially we have been in Junk for about 2 years! At what interest rates we pay, it is clear what will happen after the elections!" Economist Radu Georgescu: "Unofficially we have been in Junk for about 2 years! At what interest rates we pay, it is clear what will happen after the elections!" Economist Radu Georgescu states that, unofficially, Romania has been in Junk for about 2 years. "They didn't officially put u…
Discussions in the public space about this risk are contradicted by governors who tell us that there are no risks in this regard, we are well advised on the right track.
“Paralyzed policy jeopardizes Romania's investment grade rating,” reads an Erste analysis. A second fiscal package, postponed due to repeated elections, is needed to reduce the deficit to 7% of GDP and avoid being relegated to junk by agencies, given that budget execution shows a deficit on last year's level.
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- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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