VOICED: IMF says aid to Romania unlocked if no slack in reforms

Romania is facing a severe recession, prompting the adoption of strict austerity measures, including salary cuts and tax increases. The IMF supports these efforts but advises continued reforms. Despite these measures, unions warn they may not end the recession. With low average wages, the public is concerned about long-term solutions. Experts suggest a new IMF agreement could boost investor confidence. Romania received a €20 billion rescue package in 2009, but uncertainty looms post-2011 when the IMF agreement ends. The economy is expected to shrink in 2010, with hopes for growth in the following year.

What measures did the Romanian government implement to address the public deficit?

• Increased public sector salaries and reduced VAT

• Reduced public sector salaries and VAT

• Reduced public sector salaries and increased VAT

• Increased public sector salaries and VAT

Why do unions criticize the austerity measures in Romania?

• They argue the measures won't guarantee the end of the recession

• They believe the measures will end the recession

• They support the measures for long-term growth

• They think the measures are too lenient

What is the average monthly wage in Romania as mentioned in the video?

• €500

• €300

• €350

• €450

What is the expected economic growth forecast for Romania after 2010?

• Continued contraction

• Stagnation

• Decline

• Growth

What was the value of the rescue package Romania received in 2009?

• €20 billion

• €25 billion

• €15 billion

• €10 billion