Antena 3 CNN Business Dan Voiculescu, letter to Victor Ponta: Romania’s macroeconomic picture needs and intelligent mix of tax, budgetary and monetary policies

Dan Voiculescu, letter to Victor Ponta: Romania’s macroeconomic picture needs and intelligent mix of tax, budgetary and monetary policies

Dan Voiculescu, letter to Victor Ponta: Romania’s macroeconomic picture needs and intelligent mix of tax, budgetary and monetary policies
18 Iun 2015   •   13:34

Adrian Măniuţiu presented on the "Daily Income" show, a letter signed by Professor Dan Voiculescu addressed to Prime Minister Victor Ponta asking him to elaborate an economic policy in the shortest time. That's because our country has lagged behind other European countries in terms of both active labor and in terms of wages and economic output.

Situation is very serious at the moment, professor Dan Voicuescu says. That is because” in Romania the average salary is about 400 euros, while in Greece it is about EUR 2,000 (and food prices in Romania and Greece are not very different). The Romanian state has closed in the last 25 years, the tractors factory, the trucks factory, Oltchim chemical plant, the Republica plant and many others, sold for next to nothing. The American state saved over the years General Motors, the French helped Peugeot, the Dutch boosted the development of ABN AMRO. In 1990, Romania had a GDP almost equal to that of Poland. Today, Romania has got a GDP amounting to 8.500 euro/capita and Poland’s is 12.500. Moreover, in 1990, Romania had zero external debt and Poland registered 40 billion euros in debt", Dan Voiculescu wrote on his blog.

According to professor Dan Voiculescu, the major different between Romania and the other countries is represented by the lack of macro-economic policies to ensure a favorable climate for entrepreneurs.
"We have an active work force of 5 million people out of the 20 million population, while Hungary and the Czech Republic have roughly the same active force, but for a 10 million population. Therefore, Romania's macroeconomic picture must have a smart mix of tax, budgetary and monetary policies, "wrote Professor Dan Voiculescu.
Professor Dan Voiculescu says it's time to go beyond the good intentions, legal action must be transparent, objective and fast. Do not be populist pretending you care about people, concludes the Professor by quoting Leszek Balcerowicz, the man who transitioned Poland to market economy.

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