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May 9, 2021

Traian Basescu: Romania, in trouble if the euro zone enters recession

The president will raise the matter of outsourcing the production from the EU to Asia, during the informal European Council.

As he leaves for Brussels today, President Traian Basescu announced in a press conference at Cotroceni on Sunday that he will raise the matter of big industries outsourcing their production to Asia, during the informal European Council.
“Perhaps we should find fiscal incentives for big industries so they stop outsourcing to Asia, leaving a huge gap in the labour sector and in the collaboration with SMEs. I will raise this matter of outsourced big companies, and maybe we can prepare a subject with this regard, for the next council,” the head of state said.

On the same occasion, Basescu mentioned that it is imperative for European leaders to approach the problems related to economic growth at a political level, warning that if the euro zone enters recession, as many analysts predict, Romania will be in trouble and our economic growth will be defeated.

“For Romania too, it is extremely important that decisions are made at political level which the EU subsequently enforces,” the president stated.

On another topic, the president expressed his satisfaction after the talks held last week with presidents of Raiffeisen and Erste banks, as the two said the their banks are fully committed to carry on in Romania and to increase investments.

Talks with NATO secretary-general

Basescu further announced that, besides taking part in the Informal Council, he would have a meeting with the NATO secretary-general Anders Fogh Rasmussen, during which they would address topics such as the anti-missile defence system, the “smart defence” concept and the Romanian military presence in Afghanistan.

“As regards the air defence of NATO states, Romania committed to buy 48 airplanes compatible with the NATO fleet. Under the smart defence concept, we can also cooperate in a different way, namely, several states in the region can ensure the necessary means, which can be deployed for interventions outside their territory.

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