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The former Prime Minister of Romania, Mihai Tudose, reacts harshly after the latest loan made by Finance Minister Florin Cîțu (290 million euros) and draws attention to the problems that Romania will have from an economic point of view.
“In Brussels, the priority for the autumn is the adoption of the EU economic recovery plan, while the governments of the member countries prepare the relaunch programs. This is the context in which Mr. Cîţu continues with his furious interest rate. damage, but electoral obsession surpasses any trace of reason.
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Yesterday, September 3, Mr. Cîţu borrowed 290 million euros from the banks. And the plan of the Ministry of Public Finance for commercial bank loans, through issuance of treasury certificates and government bonds, is one billion euros for September.
The problem, not just governmental, but national, is that the European money on which NLP is based, at best, will arrive next summer. In other words, one year after the agreement of the leaders of the EU states, as of July 21, on the European Recovery Plan ”, says Mihai Tudose.
“Unfortunately, the increase in debt is not only the consequence of the pandemic crisis, but an older damaging trend. The proof is that Romania is the second EU country with the highest increase in public debt in the first quarter of 2019 and the first quarter of this year, that’s + 3.6%, and this when the impact of Covid19 had not yet been felt! That we are going in the wrong direction also shows us the discrepancy between the consumption and production indicators.
“Let the thought disappear,” said the chronicler, what can Florin Cîţu do until then! It will hurt the transition from the honey of promises to the boiling of interest … And meanwhile, our house is on fire. And the pockets … ”, he also wrote for digi24.ro.
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