Romania could ask IMF for rising wages

Romania’s ruling party plans to raise pensions and wages with a view to deflecting some of its current unpopularity with austerity-weary voters.

Romania’s centre-right Liberal Democratic Party has mandated Prime Minister Emil Boc to hold talks with the IMF on planned pension and public sector wages increases from April.

The hope is that the rises will ease raging public discontent with the government’s tough austerity measures.

An IMF mission is currently in Bucharest for a two-week review of Romania’s 5 billion euro precautionary aid deal.

“The government may consider a rise in wages and pensions, depending on economic growth from the first quarter of this year,” leaders of Boc’s PDL announced.

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