Stolojan: "Less money for public sector employees and pensioners"

Retirees and employees of the public sector might receive reduced pensions and wages, if our country doesn't receive IMF money in due time, warned Theodor Stolojan today at Realitatea TV. According to the Romanian democrat liberal leader, this is a measure that could be enacted "until we get out of the economic crisis".

Romania can no longer guarantee it can meet the obligations included in the external loan agreement with the IMF by the end of the year, Stolojan said, adding the Fund's concern is whether Romania will be able to meet its obligations from now on.

Asked whether the IMF will give Romania the third loan disbursement, Stolojan said the Fund might ask for further guarantees.

In response to a question regarding the country's ability to pay wages and pensions without the third disbursement from the Fund, Stolojan said the current Government will have to mull over the problem and take drastic measures to cut expenses with wages and pensions, adding public sector employees and pensioners might receive reduced wages and pensions until the country is set back on track.