Recession is over but we have to be cautious, PM Boc tells IMF

Romania has come out of recession and will maintain the rhythm of reforms because the time for celebrations is not yet here, Premier Emil Boc stated yesterday in front of IMF officials, Mediafax informs. Thus, the challenge for the government is not to take “any step forward,” to have a cautious policy and to avoid reverting to populism, Boc explained. Also yesterday, the IMF delegation was about to meet President Traian Basescu, National Bank of Romania (BNR) representatives, and opposition leaders. During the meeting with IMF representatives, opposition PSD leader Victor Ponta stated that ‘it is certain’ the government will make use of the money included in the precautionary stand-by agreement. Ponta said the cabinet just played fool before the signing of the precautionary agreement, telling Romanians at that time the money will not be used.

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