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Reuters: S&P warns Romania planned pension hike could derail economy

S&P Global Ratings warned Romania on Tuesday that a move by parliament to reinstate a massive 40% raise in pensions would prompt a disorderly fiscal correction just as the economy is struggling with the impact of the coronavirus pandemic, Reuters informs.   Romania’s parliament voted this month to raise all state pensions by 40%, undoing a smaller 14% hike by the centrist minority government and ...

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Thursday, October 1, 2020