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| MEDIA HEADLINES 16/03/2009 |
| (2009-03-16) |
| Last updated: 2009-03-17 15:36 EET |
''You feel as if the whole world is falling apart'', the daily paper EVENIMENTUL ZILEI headlines, carrying an article on the effects of the economic and financial crisis that deepens in Romania by the day. ''Since the start of the crisis, an increasing number of Romanians have been seeking psychiatric treatment in hospitals throughout the country. The number of people suffering from depression has gone up,'' the paper writes, trying to profile patients, most of them ''jobless, in the 40 to 50 age bracket”. The aforementioned paper quotes experts as saying: ''The youth know there's plenty of time, no matter how hard the fall is; they stand more chances to find another job. For the middle-aged people however, who are waiting down the hospital halls, overwhelmed by serious economic problems, the infusion of optimism comes along with medicines.'' EVENIMENTUL ZILEI underlines that ''in the first two months of the year, the sales of anti-depression drugs by pharmacies went up 30% against the same period of 2008.''
The daily paper JURNALUL NATIONAL refers to another effect of the crisis: pensions, that are at risk. The paper quotes a report made public by the European Commission last week, on the public pensions system. ''Romania, just like most EU states, is affected by the ageing of its population, which creates problems in system of pensions,'' the report shows. According to the document, ''the early retirement system, aimed at solving the rising unemployment rate problem, has reduced the average retirement age. Consequently, the number of contributors per number of pensioners has dropped.'' Private pension funds are also affected, given that no one holds the miraculous solution of some profitable investments at times of crisis.
''Stocks and high technical unemployment rates in the iron and steel sector,'' headlines the daily paper ROMANIA LIBERA. The newspaper writes that ''the lack of orders and unsold merchandise determine the leadership of the large iron and steel works to send thousands of workers into technical unemployment until a prospective production boost.'' ROMANIA LIBERA also brings good news: ''to the analysts' surprise, foreigners invested almost 1 billion Euro in Romania in January 2009 and their money entirely covered the current account deficit, worth only 525 million Euro.'' This indicator is the greatest vulnerability of the Romanian economy-the paper writes- pointing to the fact that ''because of its level in 2008, the Romanian authorities have to resort to foreign financing.'' ''The money from the IMF has calmed investors down'' , ROMANIA LIBERA quotes former finance minister Varujan Vosganian as saying. These days, Bucharest is negotiating a loan with the IMF and the European Commission. The governor of the National Bank of Romania, Mugur Isarescu has said Romania needs foreign financing to ensure economic stability and protect the population's economic interests, but it also has to evaluate the conditions, costs and impact of the loans.
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