BUSINESS

PSD MEP: Romania is borrowing money at a rate of 600 EUR/second

Since the beginning of this year, Romania has borrowed EUR 7 bln, which took its public debt up to EUR 97 BLN, according to PSD EuroMP Catalin Ivan, quoted by Realitatea.net.

In the same context, Ivan emphasised that, while Romania is getting indebted with direct consequences for the social environment, such as salary cuts and layoffs, the European Commission warns the Government that the absorption rate of European funds for investments barely reaches 3 pc.

“Why are we borrowing money with interest, when we can have European money that must not be reimbursed? Why nobody in the Government knows and answers for what they do with the respective money?” Ivan asked a member of PDL during a TV show.

The MEP criticised the way public money is managed, saying that, while the ministry led by Elena Udrea “receives an additional EUR 4 bln for the electoral campaign, the Government cuts money from (the ministries of) Health, Interior or Education.”

He gave as example the county of Iasi, where he said that two thirds of the money allotted for roads have been “politically directed” to the communes led by PDL mayors, even those their number is significantly lower than that of localities led by mayors of the Opposition.

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