On Sunday, PNL Senator Florin Citu accused PSD leader Liviu Dragnea that, in 2018, he will deliver a “fatal blow” to the economy and judiciary, outlining the rapid rise in prices and the return of inflation in 2017.
“Prices exploded in 2017. This means that even though you may have had more money, you bought less with them. The inflation rate had dropped constantly since 2010. This means that prices rose but at an increasingly lower rhythm. Moreover, in 2015 and 2016, prices actually dropped year-on-year. Dragnea and PSD have changed this evolution in 2017. They changed it brutally. In 2017, inflation returned to Romania,” the Liberal Senator wrote in a Facebook posting.
He pointed out that the implementation of the governance programme’s populist measures alongside over-regulation and brutal interventions in the economy primarily lead to price hikes.
“The rise in prices immediately leads to a rise in interest rates. A race between interest and inflation starts. The interest must rise beyond the inflation rate because otherwise money immediately lose their value,” Citu said.
He points out that the “scenario” for Romania is not Greece but Venezuela.
“Impoverishment via inflation is the “weapon” of socialists, of populists. We’ve all experienced it in 1990-2000 and you all see it today in Venezuela. Because that – not Greece – is the scenario for Romania. The continuation of the Dragnea PSD governance programme and the lack of reform in public administration, in the public sector in general, has only one result: Romania = Venezuela! And Venezuela has something we don’t have – oil,” the Liberal Senator added.
He also pointed out that, in 2017, Dragnea and PSD were more populist than Hugo Chavez, continued to embezzle public money and, at the same time, made sure that the institutions that could have stopped them were controlled by them.
“Dragnea and PSD have set the stage in 2017. The final assault on the economy and judiciary takes place in 2018. After that, you will see that their appetite for governance will drop suddenly. They mustn’t be allowed to finish in 2018 what they started in 2017,” Citu added.