In the absence of a comfortable
\nParliament majority, the entirely Liberal government in Bucharest who came to
\npower last October and is led by Prime Minister Ludovic Orban saw itself in the
\nposition of ruling the country through emergency ordinances, which should be
\napplied only in extreme situations that could not be postponed. <\/p>\n
<\/p>\n
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So, ordinance 114, tabled by their
\nSocial Democratic predecessors, and which attracted a lot of heat from the
\nLiberals in opposition at that time, was the first law the latter amended
\nshortly after they had taken office. Suggestively dubbed ‘the Greed Tax’, the
\ncontroversial ordinance levied fresh taxes and duties on banks and
\ntelecommunication companies and set price caps for gas and electricity
\nconsumption in households. <\/p>\n
<\/p>\n
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The Liberals, who described the law
\nas toxic for the economy, amended a significant number of its provisions and
\nsent it to the Senate, who surprisingly turned it down. Daniel Fenechiu, leader
\nof the Liberal senators, entirely blamed the situation on the Social Democrats
\n(PSD), who voted for its rejection. <\/p>\n
<\/p>\n
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Daniel Fenechiu: Try to
\nfigure out dear colleagues how banks and energy companies are going to receive
\nthis measure: I mean, a measure that was adopted a month ago, has again been
\nchanged.<\/p>\n
<\/p>\n
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According to PSD senator Daniel
\nZamfir, the vote against the document was actually favouring common people. <\/p>\n
<\/p>\n
\n
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Daniel Zamfir: All emergency ordinances are
\nfavouring the financial-banking system, the corporations, being at the same
\ntime against the people. This is what defines you – savage capitalism.<\/p>\n
<\/p>\n
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From Senate, the first chamber of Parliament, the document now goes to
\nthe Chamber of Deputies, which is a decision-making forum. The politically
\ndifferent visions on economy of the ruling Liberals and the opposition
\nSocial-Democrats aren’t present only in the aforementioned law. <\/p>\n
<\/p>\n
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Pointing the finger exclusively to decisions made by the Social
\nDemocrats, who were in office until last autumn, the Liberal Finance Minister
\nFlorin C\u00e2\u0163u announced that Romania would not be able to avoid the excessive
\ndeficit procedure, which is most likely to occur in March this year. The
\nSocial-Democrats’ economic strategist Adrian C\u00e2ciu recalled that the PSD left a
\n2.8% deficit, which the Liberals increased to 4.6%. <\/p>\n
<\/p>\n
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It’s easy to spend money but not that easy to make this money to
\nreduce deficits and consolidate the economy, C\u00e2ciu went on to say. He believes
\nthat the idea of staging early election could also bear on the deficit.
\nHowever, the Central Bank governor, Mugur Isarescu believes that investors have
\nalready started to get used to Romania’s political uncertainties. <\/p>\n
\n
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<\/p>\n
(translated by bill)<\/p>\n
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<\/p>\n","protected":false},"excerpt":{"rendered":"
The Social Democratic majority in Romanias Senate has turned down the first emergency ordinance this year tabled by the ruling Liberals<\/p>\n","protected":false},"author":109,"featured_media":84626,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37738],"tags":[34756,31525,29395,39880],"coauthors":[],"class_list":["post-84625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-today-in-the-news","tag-mugur","tag-orban","tag-senate","tag-zamfir"],"acf":[],"yoast_head":"\n