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On December 2, Romanian President Traian Băsescu informed the International Monetary Fund (IMF) that he would refuse to endorse a 7-cent per litre tax increase on fuel demanded by the international body.
According to Băsescu, the tax hike, which is one of the conditions for an IMF loan in 2009 and in 2011.
This will pave the way for “an inevitable end to our agreement with the IMF,” argues Jurnalul Naţional. The daily, which is opposed to the president, fears ”an immediate decline in the exchange rate and a rise in the cost of external borrowing. The president has made the country a greater risk.”
A conversation with investigative reporters Stefano Valentino and Giorgio Michalopoulos, who have dissected the dark underbelly of green finance for Voxeurop and won several awards for their work.
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