Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-12-15-Speech-2-315"
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"en.20091215.18.2-315"2
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"Thanks to the successful implementation of the European Economic Recovery Plan, we will notice a slight improvement next year, in 2010, for the European Union’s Member States.
The countries of Central and Eastern Europe have been affected in different ways by the economic crisis. On the one hand, Poland has recorded slight economic growth, thereby avoiding the crisis, whereas Romania and Hungary have been severely affected by the economic crisis.
Romania has experienced an unprecedented economic crisis this year, which has also been exacerbated by the serious political instability triggered by the Socialists, who wanted to leave the government for electoral purposes due to the forthcoming presidential elections. The presidential elections were only two months away. The Socialists’ departure from government and the introduction of a motion of censure in parliament left Romania for two months with a temporary government with curtailed powers, which was unable to finalise and adopt a draft budget in parliament.
As a result, the International Monetary Fund postponed delivering to us the third tranche of a loan amounting to EUR 1.5 billion. However, the Swiss Government decided to grant us a non-refundable loan amounting to approximately EUR 120 million. My country has recorded 8% negative economic growth and an unemployment level two points below the European Union average. In the future, the EU requires a strategy focused on getting governments to step back from supporting their national economies. However, this will not be possible in Romania until 2010 as we are not allowed to do so by the agreement signed with the IMF."@en1
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