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December 1, 2021

Tariceanu: Political crisis fomented by Basescu in 2009 blocked secure 2004-2008 growth

Senate Speaker Calin Popescu-Tariceanu, who co-chairs Romania’s Alliance of Liberals and Democrats (ALDE) said on Sunday that any strategy that should have made the economic growth from the time he was a prime minister in 2004-2008 secure had been blocked in 2009 by the crisis fomented by then-President Traian Basescu and such mistake should not be repeated now by sacrificing the new Fiscal Code that Romania needs, for the sake of temporary political interests.

“Those who criticize the Tariceanu governing were not and are not ashamed at all to take credit for its results: record foreign investments, growth, rises in wages and pensions. I hear voices trying to explain how the much too fast growth from 2004-2008 led to the crisis in 2010. Firstly, the big problem of Romania was the year 2009 when an endless political crisis, fomented by Traian Basescu virtually blocked any strategy of Romania that should have made the economic growth secure and would have contained the effects of the crisis. We must not repeat the same mistakes and I see some are ready to sacrifice a new Tax Code that Romania needs for the sake of temporary political interests and for the sake of the fight for power”, Tariceanu said in a commentary posted on Facebook.

He recalls how former President Basescu, in an address to Parliament in September 2009, was praising and taking credit for the results of the Tariceanu governing relating the introduction of the flat tax rate, the unprecedented growth, the higher wages and pensions or higher foreign direct investments as well as the curbed absolute poverty.

Former President Traian Basescu had said on Monday he was expecting the Fiscal Code to be voted again by Parliament and promulgated by incumbent President Klaus Iohannis, adding that the responsibility for Romania’s tax and budgetary stability is nil with the politicians.

“I think the new Fiscal  Code will be voted and I think President Iohannis will promulgate it. Responsibility for Romania’s tax and budgetary stability is currently nil with the politicians. Just take a look at the special wages of high-ranking dignitaries; Parliament has joined in and they demand special pensions although they have not contributed to the pension pool, so that is theft. Just take a look at the avalanche of promises and especially the avalanches of cuts in the Government revenue while no measure is taken to cut the revenues. The tax on special structures is taken off, excise duties are repealed, but something else needs to be put in their stead. The Value Added Tax (VAT) is cut, but something has to be put to offset. I think irresponsibility regarding Romania’s macroeconomic stability is at its highest,” Basescu said.

He added that the theory of former Prime Minister Calin Popescu-Tariceanu is re-implemented now by incumbent Prime Minister Victor Ponta, warning that 2017 will be another year 2010 of profound crises, with an economically imbalanced country.

“I am convinced that this year, with the electoral handouts, is the equivalent of 2007 under Tariceanu. The entering into force of the new Fiscal Code is the equivalent of 2008 under Tariceanu. I do my duty as an experienced man with no vested interests to warn you that 2017 will be another year 2010 of profound crises, with an economically imbalanced country that will have again a sizeable current-account deficit because consumption is again hugely stimulated but Romania cannot produce that much as Romanians would consume when they have money; on the other hand, they will have to borrow a lot of money to fill the sinkhole following the irrational tax relief extended by the current majority. If Tax Code passes, 2017 will be another 2010,” said Basescu, according to Agerpres.

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