Romania braces for austerity

Filed in Bank Gold, economy, gld by on May 10, 2010 0 Comments

BUCHAREST – ROMANIA braced on Friday for a wave of protests after the president unveiled austerity cuts in public sector wages and pensions to meet a deficit target set by the IMF and avoid a Greek emergency scenario. ‘This programme to cut public expenses was inevitable,’ President Traian Basescu said during a

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Romania braces for austerity

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