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Basescu announces 15% pension cuts, 25% salary cuts and subsidy cuts

06.05.2010, 22:16 10

President Traian Basescu said on Thursday that pensions wouldfall by 15%, public sector wages by 25%, minimum wage included,with subsidies to be "drastically cut", and the money allocatedspecifically to "those in need of financial aid".
President Traian Basescu said on Thursday there were people andchannels seeking to perpetuate a state of mistrust in the state'sinstitutions among the population, adding that he wanted to let thepopulation know it could trust the president, the Government, andParliament in the context of the crisis.
The head of state said there were people and TV channels"deliberately perpetuating a state of mistrust."
"Romanians can rest assured that the Government, Parliament, andthe president know what they need to do in the current economiccontext," said the president.
B`sescu said on Tuesday, the 4th of May at 12:00 he met with thePM, the Governor of the National Bank (NBR), with ministers ineconomy-related fields, and with NBR experts. On the same day, at17:00, he said he had met members of the IMF, EU, and World Bankevaluation team.
Basescu said on Wednesday 5th of May, at 11:00 he talked with thePM and the NBR Governor, as well as with a large number ofministers in economy-related fields.
On Thursday 6th of May at 9:30 AM, B`sescu talked to leaders ofpolitical structures and parties that support the Government, andwith the IMF delegation at 14:30.

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