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Nouriel Roubini advises Romania: decrease the budgetary deficit / austerity measures need to be implemented progressively and combined with other measures / dialogue with social partners is a must

de A.C.
Miercuri, 26 mai 2010, 16:41 English | Top News

You need to continue structural reforms and you need to implement austerity measures, Economist Nouriel Roubini advised Romanian politicians at Bucharest. According to him, Romania needs to increase productivity and orientate reforms towards the market. He said that Euroland will not scatter but it is possible that some countries will give up the euro.

Nouriel Roubini
  • any country with a budgetary deficit needs to decrease it
  • if the budgetary deficit is big the markets will loose their trust
  • interest rates will increase on the short term if adjustments are not operated
  • the measures should not be applied fast, but gradually

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