PSD prepares ‘The black book of the governance’

PSD will make public ‘The black book of the governance’ precisely 500 days after Emil Boc ascended to the position of prime minister, PSD spokeswoman Olguta Vasilescu announced in a press conference Thursday, quoted by Mediafax. One year after the government instated the tough austerity plan that included a 25 pc cut of salaries in the public system, the only recovery signs in Romania are on paper, advertised by authorities, she added. According to the PSD politician, salary cuts in the public sector, layoffs, the increase of the VAT, and the enforcement of the co-payment principle in the health sector failed to have the intended effect.

The GDP increase advertised by the government “is only on paper,” because the economy declined by 1.3 pc in 2010, and the number of jobless reached 640,000, she added. Further­more, structural reforms are slow and infrastructure investments are just “bonuses granted to the orange administration and political clientele,” Vasilescu mentioned. In 2010 – the year when the austerity plan was initiated – the government increased its expenses by 4.2 pc from the level of 2009, public debt reached 40 pc of the GDP, and the foreign debt rose from EUR 50 bln in 2008 to EUR 92 bln in 2011.

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