Romanian President Donates Salary To Solidarity Fund

Romanian president Traian Basescu Wednesday morning donated his salary for May to a solidarity fund opened at the treasury of capital city Bucharest.

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According to a note on the president's office website, the head of state earns a monthly net wage of 6,702 lei (EUR1=RON4.2200).

Basescu said early May after a meeting with union leaders, amid official plans to take austerity measures to fight the recession, he is willing to donate his salary to a solidarity fund for the rest of the year.

Romanian authorities have decided to take drastic and highly unpopular measures to keep the budget deficit below 6.8% of GDP and receive new installments of a EUR20 billion IMF-led rescue loan. The Government on Monday sought a confidence vote in Parliament to enforce its austerity plan that cuts wages and pensions and will face a vote on a no-confidence motion next week.

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