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| MEDIA HEADLINES 20/10/2009 |
| (2009-10-20) |
| Last updated: 2009-10-22 14:59 EET |
“No government,” the newspaper EVENIMENTUL ZILEI puts it bluntly, and adds that, “four days after the IMF had announced postponing its assessment mission to Bucharest, similar news came from the World Bank,” which decries “the lack of interlocutors.” With three prime ministers – an outgoing one, a second one nominated by the president and a third proposed by the new anti-presidential parliamentary majority – but without an actual government, Romania is heading for what the daily paper ZIUA calls “a devastating year for Romanians' pockets.”
Because, the newspaper explains, “while presidential candidates and the parties that back them are engaged in an all-out war for power, the Romanian economy collapses, and with it people's living standards.” ZIUA also says that “the time-bomb of prices is set to go off” after the two rounds of the presidential election, on November 22nd and December 6th. “One of the highly respected consultancy companies on the market, Pricewaterhouse Coopers, has announced that as of January 1st 2010, electricity will be by over 30 per cent more expensive, the petrol price will go up by 20 per cent and cigarette prices will go up by as much as 34 per cent.” And “with fuel prices on the increase, tariffs for transport services will also rise, pushing all other commodity prices up, from bread to screws.”
Meanwhile, GANDUL daily paper warns, since the November 2008 parliamentary election, the purchasing power of Romanians who get their salaries in the national currency, the leu, but who have loans in Euros, has kept dropping. Analysing the “effects of two consecutive election years,” the newspaper says that, “after having undermined Romania's foreign loan sources with their election scandals, politicians are now jeopardizing the currency exchange rate as well.”
The leu-Euro exchange rate is “on the verge of exploding,” after last year, “against the backdrop of the economic crisis and the parliamentary election, the central bank allowed the national currency to depreciate in order to fuel the Finance Ministry,” and economic analysts believe politicians “built their image on our money.” Today, history repeats itself, with the national currency once again viewed as the most likely victim of scandals in the political arena. Moreover, “at the moment, Romania has no government. A government that had nothing more to do than receive another 1.5 billion Euros from the IMF, of which half should have gone into covering the budget deficit,” the newspaper GANDUL also notes on the vicious circle of politics and economy.
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