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What the newspapers say: November 14, 2008

de Radu Rizea     HotNews.ro
Vineri, 14 noiembrie 2008, 9:39 English | Press Review

Unemployment, lack of cash, less credits, more money for the rich - this is how the international financial crisis begins to be translated into Romanian. Politics already fell to the second place in all newspapers.

"The crisis strikes Romania, the Labor Ministry is looking for it the main headline in Gandul. Over 300,000 people are expected to lose their jobs in the textile industry, transportation, agriculture, food industry and construction businesses. The textile industry segment alone is expected to produce 63,000 unemployed in the first stage of the crisis - over one fifth of all employees.

The number of people having problems in paying their debt to the banks is also expected to double in 2009, compared to 2008, same Gandul reads.

Of course, the crisis is not the same for everyone: the highest official salary in Romania was over 100,000 Euros in 2009, for an employee of the energy system. The top of the best salaries in Romania, published by Cotidianul, also includes employees in energy selling businesses, financial companies, mineral water sales and consulting and management companies.

In an exclusive interview for Jurnalul National, businessman Ion Tiriac describes how the crisis will make the rich richer and the poor poorer. In his opinion, the decision to increase the salaries for the teachers was the main reason for Romania's rating decrease in all international rating agencies. On the other hand, the governmental refuse to apply the teachers' wage growth law represents a political suicide act.

Despite the fact that Romania is in the middle of the electoral campaign, the political news are still scarce on Friday. Liberals are somewhat lost between the Democrat-Liberal president and the Social-Democrat opposition, Evenimentul Zilei reads, pointing at the difficulties the Liberals will face in forming the new Government.




















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