While Brussels, foreign banks, multinationals, rating agencies are trying to keep Romania on the waterline, in Bucharest a populism contest has been triggered, given that the economy and companies are trying to cope with the adverse conditions

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By TP

Very many people, in fact too many people, and not only those in opposition, but also those in government or business, believe that Prime Minister Bolojan is full of money, as the former prime minister Marcel Ciolacu, PSD, who threw to the right and left, in a few months, from his government, which did not go to the market. It didn't even matter the interest. And the world believes all these fiscal measures, of some budget restructuring, which Bolojan is struggling to take, I am against Romania, the prime minister being accused of being in hand with Brussels, with foreign banks, with multinationals, with Soros, who want to take us now and the port of Constanta, to finish everything. (At least if someone would take something to do with him, after being devalued every day.) While the populist rhetoric, first of all in the ruling coalition, earn land – we will stop the prices to be no longer inflation, that a million people are poor – to charge the multinationals that steal and remove the money from the country – 1.1 million budgets, as it cannot work with less than 1.3 million employees, although 700,000 Romanians have left the country) – banks to give us cheap loans (when the state pays over 7% interest to buy money, from where to give banks with lower interest) – PSD, The minimum tax on the turnover (as well as the capping of the prices, the minimum tax on the turnover strikes the Romanian entrepreneurs and the Romanian companies rather than the multinational companies), the conditions in the economy deteriorate: – the forecasts regarding the economic growth have been revised both by the Government, from 1.4% to 0.6% to the IMF, as well as by the IMF, A consecutive year and there is no plan to put something in place (how to come to make an investment from scratch when taxed with minimum taxation tax) – inflation will exceed 10%, over expectations – the labor market and companies are no longer so generous in offering jobs – companies do not increase salaries, which have been increasing, and now, and now, they have to increase, and now, In the negative territory (nominal growth is under increased inflation) – the interest in lei increases again after they had calmed a few months ago, because the Ministry of Finance needs to borrow more money given that the budget deficit is much higher than the estimates – the GDP in nominal value, to which the income is not related to They grow, and the data for the last two years show an important decrease in the investments from zero of multinational – the budget situation is much more complicated than it was known due to hidden invoices and expenses that were not placed in the budget – the total external debt of Romania increased by 15 billion euros in 7 months, reaching the external 220, but the external debt, with 19 billion euros, reaching 120 billion euros. All the fiscal measures of Prime Minister Bolojan risks not to produce their effects in increasing the budget revenues and reducing the expenses, because the degree of opposition from the government parties, the public administration is extremely high. The economy, in a visible decrease, does not produce enough money for the current needs of the Government – for the payment of salaries, pensions, expenses with interest, current expenses and expenses with investments. Even if there were still a tour of taxes and taxes, there would be not enough money to cover the budgetary expenses, to cover the budget apparatus, which no one wants to reduce. The freezing for another year – 2026 – of the salaries of the budget and pensions will not save the situation, for the simple fact that the economy stagnates, the Romanian private companies and the multinationals preferring to see an improvement of the economy before setting the investments again. Until we have a flow of new investments at the level of companies, to record the fact that the Mittal Arcelor, the largest European steel producer, announced on Friday that the Hunedoara Combined is closed. And such cases will appear. Many people live with the illusion that the state can intervene and take over these industrial assets and keep them alive. These assets are part of global products of products, where you cannot enter. If Renault ever comes out of Dacia and teach the state plant, the production model will collapse overnight. While many members of the coalition are contesting populist measures and ideas, the Cashflow of the Government is reduced from one month to another, and the loans are just as expensive, if not even more expensive. Despite the populist rhetoric opinion that someone from outside wants us evil, Brussels, foreign banks, multinationals, all of them do not know how to keep us on the waterline. Brussels did not cut our European funds, but on the contrary, foreign banks are with the Ministry of Finance that have to borrow money, many multinationals advocate their central premises to remain in Romania, rating agencies have not seen what is the situation of the budget and have kept us. Given that the geopolitical situation remains tense, perhaps even more tense on the border of Romania, all these foreign entities that have a connection and exposure to Romania make efforts to support us, to keep us on a floating line first and foremost. Unlike others, all this external support comes with money, not just with words. Instead, I ask the Bucharest stability and responsibility, no one wants to fall the prime minister and the Bolojan government, no one thinks that the economy can have a boom to solve all things, nobody presses for hard tax measures overnight (you may have forgotten how Basescu cut salaries by 25%, and to have a 24%, trajectory that will lead to a reasonable improvement of public finances. Everyone sees and knows that the populist and extremist parties, nationalists in opposition gain land, because this happens not only in Romania, but also throughout Europe (see the case of France, Germany, etc.). But everyone wants Romania to have no political and economic problems, on the border with a war. At least if those in Bucharest, within the government parties, would understand this and give up the populist rhetoric, who no longer brings them votes.
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