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Jeffrey Franks: Romania's perspectives are better than other euro zone states / Economy starts to recover, risks decreased 

de A.C.
Vineri, 26 noiembrie 2010, 16:07 English | Top News

Romania's perspectives are better than those of other euro zones that have difficulties considering that the budgetary deficit dropped significantly and the economy starts to recover. Risks decreased, Romanian news agency Mediafax declared, quoting IMF Romania chief Jeffrey Franks. 

One can fell the recovery of the economic increase and the decrease of the budgetary deficits which decrease the risks for Romania. Franks said that Romania is better off than other euro zone states. 

Tough measures were taken in July to cut the budgetary deficit. Budgetary revenues increase and spending decreases, Franks said. Franks explained that Romania's fiscal situation changed from an explosive one to one that allows the budgetary deficit to decrease below 3% in 2012. 

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