Romania's PM Emil Boc: Romania lost most exports markets, budget under huge pressure

Romania’s PM Emil Boc addresses a speech in the Chamber of Deputies on the Government’s anti-crisis measures to counter the economic crisis, at the request of the Liberal parliamentary group. HotNews.ro presents his main declarations.

Here are some of the most important declarations:

• The government has an anti-crisis program, he was included and adopted with the 2009 budget and the main measures were introduced in the state budget

• The program was generated by the external economic crisis and by Romania’s financial situation in 2008

• the external crisis has not reached its peak moment yet

• the crisis did not originate in Romania but for many Romanians, this does not matter

• Romania’s economic reality in 2008: a 7.8% economic growth rate and a deficit of over 5%

• The former government did not take advantage of the economic growth to save up some money and spent whatever it could throwing Romania in debt

• Today, Romania’s economy cannot access the money gained in the past from privatizations. Unfortunately, they were wasted

• European funds: Romania could attract some 4 billion euro but the former government brought only 6% of the money in the country – representing 176 million euro

• The anti-crisis program aims at launching Romania’s economic growth, support the business community to maintain jobs, protect the population and re-launch the idea of credits – the most important problem Romania is currently facing

• Among the measures taken, the government plans to invest in public infrastructure, with 10 billion euro allocated for it and take up more EU funds