President refuses to promulgate pensions` law

Romanian President, Traian Basescu announced in a press conference on Tuesday that he would promulgate the pensions` law only if the government will prove to have enough money to sustain the pensions` significant growth. For the moment, the law still pends while waitning for Bassescu’s approval.

Basescu argued that political parties passed the law for electoral use only and do not have financial support for it. The President affirmed that he will send an official note to the Prime Minister in order to answer the raised inquiries.