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Romania's Prime Minster Resigns Following Anti-Austerity Protest

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Gendarme forces move toward protesters in Piata Universitatii square, Bucharest January 19, 2012.

Romania’s Prime Minster Emil Boc has resigned following weeks of public protest against IMF-backed austerity measures amid the debt crisis sweeping the European Union.

Announcing his resignation on Television on Monday, Boc said that he wanted to “defuse political and social tension” and to protect the stability of the country.

“We made this decision in order to alleviate the social and political situation in the country, but to not lose what Romanians have won with so much suffering, the country’s economic stability,” Boc said.

The resignation comes after three weeks of public demonstrations demanding the resignation of President Traian Basescu and the Boc government for imposing harsh austerity measures including a 25 percent cut in public sector wages, 24 percent increase in sales tax and a freeze on pensions.

Romania needed to implement the measures to qualify for the next installment of a 20bn euro bailout loan from the International Monetary Fund (IMF).

Boc’s resignation makes Romania the sixth European country to see a prime minister fall to the debt crisis.

Basescu has nominated former Justice Minister Catalin Predoiu as interim Prime Minister on Monday.

The European debt crisis has forced EU governments to adopt harsh austerity measures and tough economic reforms, triggering incidents of social unrest and massive protests in many European countries.

There are fears that more delays in resolving the eurozone debt crisis, which began in Greece in late 2009 and infected Italy, Spain and France last year, could push not only Europe but also much of the rest of the developed world back into recession.


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  • Vlad the Impaler

    its a zionist jew interim PM,not the one mentioned.
    His name is Mihai Ungureanu.


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  • Ascal Descu

    The doctrine of limited liability is central to the rise of unfettered, irresponsible corporate power. It must be challenged in the interests of individual freedom, equality before the law and shared prosperity.

    Society needs successful businesses, but today business is taking over society. It is as if an over-indulged child had taken more and more liberties until it is entirely out of control. Everyone wants the child to do well, no boundaries are set, and before you know it the family is under the thumb of a teenager gone wild. The deep irony is that it is the unfettered rise of corporate power that presents the biggest threat to free markets, and to the ability of free markets to promote individual freedom, equality before the law and equitable prosperity.

    The widespread concern over the impact of corporate power is expressed through efforts to achieve corporate social responsibility (CSR). Sadly, CSR has not delivered on its expectation, mostly because it relies on voluntary action and lacks the legal teeth to change business behaviour. Corporations still have the rights of a person, but none of the responsibilities.

    No man should be allowed to own any land that he does not use. Everybody knows that — I do not care whether he has thousands or millions. I have owned a great deal of land, but I know just as well as I know I am living that I should not be allowed to have it unless I use it. And why? Don’t you know that if people could bottle the air, they would? Don’t you know that there would be an American Air-bottling Association? And don’t you know that they would allow thousands and millions to die for want of breath, if they could not pay for air?
    Contrary to the myths to which some subscribe, including many libertarians, the evolution of capitalism out of the old feudal order was not one where liberty triumphed over privilege, but one where privilege asserted itself in newer and more sophisticated forms.

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  • Anonymous

    Societies are built from the ground up: respect, altruism, manners, law and order. Don’t blame corporations if your people are corrupt and greedy.

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