





Wall Street Journal: IMF money is crucial for Romanians / Analysts: It is highly unlikely for the IMF to give up on Romania
Recent events triggered an alarm for investors regarding the adjustment needed in Romania. Capital Economics economist Neil Shearing declared that the measures are painful.
The government announced the decision to increase VAT by 5 percentage points to 24%, as an alternative to pension cuts - a measure rejected by the Constitutional Court. Romanian authorities expressed their hope that the VAT increase will be enough to satisfy IMF demands.
IMF money is crucial for Romania.