President Basescu: Romania aims to reach 0.7 percent structural deficit in 2012

President Traian Basescu said late on Tuesday that Romania's objective for 2012 is to reach a structural deficit of 0.7 percent of GDP, pointing out that the essential parameters set up in the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union are related to the structural deficit.'The Treaty introduces a merciless arbiter and the sanctions are of 0.1 percent of the gross domestic product for not observing the treaty (...) Therefore, for Romania, ...

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