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High social expenditure weighs down on Romania

Posted by The 300 News Daily on Mar 20th, 2010 and filed under Society. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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Romanian Prime Minister Emil Boc has shown satisfaction with the effects of a loan of billions from the IMF and European Commission.

The daily Adevărul comments on the fact that the loan was partially used to pay pensions:

“We have around 800,000 unemployed and just over four million employees while the number of pensioners is at around 5.5 million. It is no secret that the burden of this large discrepancy between taxpayers and recipients of social benefits is not sustainable in the long term.

Romania has allowed itself the luxury of letting almost half of its active work force emigrate. These people now pay their social security contributions in Italy, Spain, France, Germany or wherever they are.

The following question demonstrates the vision and capability of the government: How do you create new jobs to pay the pensions? Do you try to convince Romanians to return or open the door to immigrants? This is a question to which Mr Boc has not even given a rhetoric answer.”

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