“We are taking out a €20 billion loan from the EC [European Commission] and IMF [International Monetary Fund]. Thirteen billion euro will go to BNR [National Bank of Romania], to consolidate the national reserves and stabilize the currency against other currencies. A further six billion are for the government, especially for investments. Only in exceptional circumstances can this six billion be used for activities other than investments. If necessary, we will use this money for pensions and small salaries, if the crisis worsens,” said President Basescu on the second day of his official visit to Lebanon.
Prime Minister Emil Boc said that he hopes the funds will not have to be used to pay pensions and salaries, adding that President Basescu has also expressed this hope. Boc further explained that of conditions set by the international lenders for the loan, the first, requiring the adoption of a law to rectify the budget, has already been adopted.
