President Traian Basescu considers that a new agreement with the IMF, precautionary should be built on several pillars: fiscal consolidation, simplify fiscal policy, health reform, EU fund absorption and a more flexible labor market.

According to the President, the small reform in health should be continued by shutting down hospitals, merging hospitals, introducing cost standards, a private management and the introduction of a pilot project that would enable doctors to have a contractual relation with the hospitals.

Basescu said that ministers should not fool themselves into thinking that we should take money from China. Basescu urged the government to set clear deadlines to talk draft normative acts with social partners.