“We must adopt the bill on fiscal responsibility till Dec. 31. If the current political situation continues, it is easy to imagine we cannot meet that deadline. We have the pensions bill submitted to the Parliament, again to be adopted till Dec. 31.
We must re-negotiate the postponement of these deadlines by at least three months, and they should be passed by the Board in December, to be able to get the third installment. It is obvious, if you look at what happens, we do not see how the bill on fiscal responsibility could be passed through the Parliament and promulgated by Dec. 31. Therefore, we must re-negotiate these terms”, said the President.
He underlined that this re-negotiation is not focused on the amounts of money, but on the conditions to be met.
“I see two big problems currently. One, the bill on fiscal responsibility. (…) It must be discussed with the Fund (International Monetary – editor’s note): “We pledged to adopt it till Dec. 31 but, obviously, the political conditions do not allow that. Let’s move it to the first quarter of 2010. The same with the pensions bill”, said the President.
In Traian Basescu’s opinion, there are chances that Croitoru Government gets Parliament’s backing, appreciating that it is a question of responsibility. “In a contrary case, it will be a big debacle for 22 million of Romanians. We had to cash till Dec. 2.5 billion euros, and the Ministry of Finance had to also draw one billion euros from the domestic market, because we need 3.5 billion euros.
If we cash just 1.5 billion euros the Ministry of Finance should attract two billion euros from the domestic market, which is extremely difficult, with the risk to default in the payment of wages and pensions but, surely the investments will be cut in order to have the money”, maintained the President.
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