Romania Pres Calls On Unionists To Temporarily Refrain From Wage Claims

Romanian President Traian Basescu urged trade union representatives not to ask for salary increases until the law regulating the public wage system is in place, union officials said Wednesday.

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According to Marius Petcu, president of the CNSLR Fratia trade union, the head of state asked the unionists to show solidarity with the authorities and assured then the IMF agreement was not made for the “Romanian government, but for Romania as a whole.”

Basescu stressed out the loan agreement is meant to support the national currency and keep existing jobs on the local market, Petcu said.

Romania agreed Wednesday with the International Monetary Fund an economic program supported by a EUR12.95 billion loan under a two-year stand-by arrangement.

The total value of the financial package that includes loans from the EU, the World Bank and other financial institutions is of EUR19.95 billion.

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