Bucharest.

Romania’s centrist coalition government looks likely to defeat a no-confidence vote in parliament on Tuesday over planned deep spending cuts, giving it greater scope to carry out reforms, Reuters informs.

The EU’s second-poorest member has pledged to reform its mammoth, highly-unionised public sector, but social unrest is casting doubts over its austerity drive and raising the spectre of Greek-style debt woes in the country of 22 million.

Investors are nervous about the debt and deficit position of emerging European economies like Romania after Hungarian assets slumped in early June on comments from officials that it might suffer a crisis similar to Greece’s.

Romanian Prime Minister Emil Boc should manage to pull together enough support from independent deputies to survive and secure a vital 20 billion euro international aid package for the recession-hit economy, led by the International Monetary Fund.

Unions are hoping up to a million Romanians will support a planned one-day general strike on the day of the vote in an attempt to pressure deputies, though analysts say the industrial action will probably not be on such a large scale.

Read the article on Focus Information Agency (Bulgaria)

Romanian govt faces confidence vote over austerity

Bucharest.

Romania’s centrist coalition government looks likely to defeat a no-confidence vote in parliament on Tuesday over planned deep spending cuts, giving it greater scope to carry out reforms, Reuters informs.

The EU’s second-poorest member has pledged to reform its mammoth, highly-unionised public sector, but social unrest is casting doubts over its austerity drive and raising the spectre of Greek-style debt woes in the country of 22 million.

Investors are nervous about the debt and deficit position of emerging European economies like Romania after Hungarian assets slumped in early June on comments from officials that it might suffer a crisis similar to Greece’s.

Romanian Prime Minister Emil Boc should manage to pull together enough support from independent deputies to survive and secure a vital 20 billion euro international aid package for the recession-hit economy, led by the International Monetary Fund.

Unions are hoping up to a million Romanians will support a planned one-day general strike on the day of the vote in an attempt to pressure deputies, though analysts say the industrial action will probably not be on such a large scale.

Read the article on Focus Information Agency (Bulgaria)

Postat de pe data de 15 iun., 2010 in categoria România în lume. Poti urmari comentariile acestui articol prin RSS 2.0. Acest articol a fost vizualizat de 123 ori.

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