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REACTIONS TO GOVERNMENT ANTI-CRISIS PLANS 17/03/2010
(2010-03-17)
Last updated: 2010-03-18 11:00 EET
The government’s plan aims at helping the business environment and the labor market through various measures. These include tax exemption on reinvested profit, guarantee funds for small and medium businesses and exemption from the payment of social insurance for companies which hire unemployed people. As far as public investments are concerned, the government has announced the setting up of a support fund, as well as apartment building insulation programs and the reconstruction of 10 000 km of road. The Prime Minister resumed the idea that Romania will recover from the crisis in 2010, when it will see a slight economic increase.

The Prime Minister’s speech upheld reforms, economic stability and a healthy medium- and long-term development, which does not rely on loans and consumption. He showed willingness to cooperate with the legislative, as well as with trade unions and employers’ associations, in order for the economy to recover from recession.

The social-democrat and the Liberal opposition have slammed the superficial approach and the lack of efficiency of some anti-crisis measures that the executive has adopted until now. They have also criticized the actual significant lack of public investment that the executive has, unfairly, boasted with. While the Social Democrat Party recalled the tens of thousands of layoffs soon to follow in the public system, Liberals rebuked the Democrat Liberal party for the few infrastructure projects.

The opposition saw its statements confirmed by a working document of the European bank for Reconstruction and Development, according to which the cabinet’s anti-crisis measures did not have the expected outcome. This occurred despite the fact that Romanian authorities have benefited from massive external loans, meant to ensure macro-economic stability and allow for investment-related money allocation.

Trade unions and employers’ associations believe the same – whether they represent public sector or private sector employees, trade unions contest both the way in which the Boc cabinet is managing the crisis and the legislation that he promotes. Some provisions of the unified pay law and the pension draft have come under fire from the people and have triggered recent protests by public workers as well as private trade unions.

 
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