Ilie Bolojan: "We are practically in a budgetary crisis, because Romania costs more than it can afford"

Romania is facing an unprecedented fiscal crisis, and the state is already operating in a budgetary emergency regime, warns Petre Marius Bogdan, Vice-President of the Association for Economic-Social Studies and Prognosis (ASPES). According to this situation, the situation can no longer be categorized as a mere temporary lack of liquidity, but is the direct result of economic policies "retracted, ambigued or deeply wrong" applied to the fund of a…

The interim president Ilie Bolojan said Tuesday that "we are practical in a budgetary crisis", because Romania costs more than it can afford. He further showed that the results of the first round of presidential elections, which in turn led to candidates from political spectrum limits, caused some concerns, and the resignation of the prime minister generated disturbances in the market, and Romania needs a stable government.

The head of state is temporarily in office, as is the head of government. The budget has been suspended, the national currency is falling, crossing the psychological threshold of 5 lei against the euro. The Bucharest stock exchange is in decline, banks are not lending to the state, the IMF is peeking in, the central bank is mobilizing its foreign exchange reserves. A sign has been put up across the country: “Welcome to Romania – Under (re)constr…

Ilie Bolojan: "Without urgent measures, Romania is at risk of economic failure" Ilie Bolojan: "Without urgent measures, Romania is at risk of economic failure" interim President Ilie Bolojan warns that Romania is facing fundamental economic and administrative decisions. "It's no longer time to speak. It's really necessary, from a more efficient and responsible state," said Ilie Bolojan on TV Antena 1. In what [...] Ilie Bolojan: "Without urgent …

According to Ilie Bolojan, Romania is in a difficult situation from the point of view of the budgetary crisis

We are in a budget crisis for Romania, it has been spending more than it can afford for years, claims interim president Ilie Bolojan.