this post was submitted on 07 Jul 2025
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19
Romania faces reckoning with Brussels over soaring budget deficit - 07.07.2025 (lemmy.world)
submitted 13 hours ago by TheThordir@lemmy.world to c/europe@feddit.org
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BRUSSELS — Romania’s fledgling government is made up of the country’s most pro-European politicians, but that hasn’t stopped them citing Brussels as a key reason why they need to impose a drastic set of tax hikes and spending cuts to avert financial collapse.

For the past five years, Romania has been spending way beyond its means — in the words of new President Nicușor Dan, eating a large pizza while only paying for a medium-sized one — and has a projected budget deficit of around 9 percent of economic output this year, the highest in the European Union.

That record of poor fiscal management has provoked repeated reprimands from the European Commission, which Prime Minister Ilie Bolojan now says can no longer be ignored. This week, ministers from EU countries will vote to decide on a strict plan setting out exactly what Romania must now do to restore order to its public finances.

https://www.politico.eu/article/romania-reckoning-brussels-soaring-budget-deficit/

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[–] FundMECFSResearch@lemmy.blahaj.zone 3 points 7 hours ago (1 children)

EU more ready to punish a country for spending too much than for literally becoming an autocracy.

Ahhh neoliberalism.

[–] TheThordir@lemmy.world 2 points 6 hours ago

Except there is no left-wing in Romania, just cleptocrats, neolibs and their cronies. Just yesterday some IRS romanian version guy wanted a 1 million euro bribe to look the other way for millions in unpaid taxes.

[–] latenightnoir@lemmy.blahaj.zone 2 points 13 hours ago (1 children)

cough check their pockets cough

Just sayin', pretty much everyone around here knows...

[–] TheThordir@lemmy.world 3 points 11 hours ago* (last edited 11 hours ago)

Of course. Barely any investments, the so called sallary raises for government workers went mostly to the directors and ministers and senators, while the lion's share of pension raises were given mostly to magistrates and ministers.

Now, some neoliberal puppet scum wants to slash welfare (which was a pitance) and over tax the middle and working classes, all while the fat cat capitalists pay barely any taxes and politicians get richer, and vote for more benefits and privileges for themselves.

I hate this corrupt hellhole. We seem to have taken all the worst things from both turbo-capitalist America and Oligarchic Russia and combined them into banana republic mess.