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What the newspapers say: June 7, 2010

de C.B.     HotNews.ro
Luni, 7 iunie 2010, 1:36 English | Press Review

Romanian President said PM Emil Boc has been sabotaged by his own Cabinet. One paper estimates Romania needs to borrow 5.2 billion euros more to make it to December. Elsewhere in the news, 20 teams of specialists will visit impaired children at home for therapy in areas where no assistance centres exist. Last, but not least, companies and NGOs owned by the Hungarian minority in Transylvania may follow Hungary into bankruptcy.

Adevarul focuses on Romanian President Traian Basescu's stating, during a meeting in Snagov with the PM, Government members and MPs, that PM Emil Boc has been sabotaged by his own Cabinet. Basescu said that none of the measures to restructure ministers and governmental structures have been put to practice, saying that the day he announced the austerity measures has been "the most difficult moment" in his political career. President told ruling Party PD-L that it is them who should be the first to adopt the austerity measures, set an example and sack those with 'unjustified' large salaries. The meeting behind close doors revolved around the laws for which the Government is due to take responsibility on Monday.

Gandul calculates that Romania is borrowing 600 euros per second since the beginning of 2010 and runs on debt. Gandul claims that by cutting 15% off pensions and 25% off salaries would raise two billion euros, but still needs to borrow 5.2 billion euros to make to December. Economists warn no one would want to lend Romania soon, with banks having a 18% exposure on bonds, mother banks except a 20% limit and internationally, the focus is now on Greece and the euro. The publication estimates Romania needs to borrow at least 13 more billion euros to cover the budget deficit and pay the old credits.

Evenimentul Zilei informs that 20 teams of specialists will visit impaired children at home for therapy in areas where no assistance centres exist. The project was initiated by, the Child Protection authority, paid with European money and will start from September. The teams include social assistants, physiotherapists, physiologists, paediatricians and logopaedics specialists. They aim to help children integrate in the society and convince parents to not give them up, as 17% of impaired children are abandoned by their families.

Romania Libera raises an interesting point, underlining that should Hungary declare bankruptcy, companies and NGOs owned by the Hungarian minority in Transylvania may follow the path. After governing party FIDESZ vice-president Lajos Kosa warned of the danger, markets panicked and national currency forint lost out. EC President Jose Manuel Barosso tagged the situation in Hungary as "delicate". The funds Hungarian NGOs in Transilvania get might be shrunk. Tourism in Transilvania is yet to be affected, as most foreign tourists are Hungarians.


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