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Ponta: It is better to have 2% deficit instead of 1.4% but to absorb 7-8 billion euro

Premier Victor Ponta declared he had no idea how he could allocate in next year’s budget money to co-finance 50% of cohesion funds and said it would be better for Romania to have a 2% deficit instead of 1.4% but to attract 7-8 billion euro from European funds.   He showed, in the speech held at the EU-South East Europe Summit from Bucharest that Romania is close to a 50% absorption rate for European funds but has to ...

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