IMF admits that the austerity measures taken during the crisis have been a mistake. Confirmation comes four years after Dan Voiculescu warned that cutting pensions and salaries was counterproductive. In a post on his blog, Voiculescu is saying that he has consistently called for real and effective solutions aimed at generating economic growth.
Instead, the Boc government cut pensions and salaries, and reduced consumption, blocking the country's economy.
Four years later after Dan Voiculescu warned that austerity measures taken by the Boc Government were a mistake, the IMF confirmed that cutting pensions and salaries was not necessary.
Despite criticism by the founding president of the Conservative Party, who warned that the austerity measures taken by the Government were counterproductive, Boc and Basescu were stubborn in the support of their absurd and unjust anti-crisis measures, writes Dan Voiculescu on his blog.
"Traian Basescu has made experiments on the Romanian people and has refused any opinion contrary to his decision to cut wages by 25%, pensions, the budget for education and health, domestic consumption, etc. The monumental failure of the austerity plan in the years 2009, 2010, 2011 has destroyed destinies, condemned generations of young people to unemployment and has encouraged the exodus of intelligent people ", the blog post titled: The evil is not the way to a good path: austerity proved to be unproductive. Now came the IMF confirmation”, reads
Dan Voiculescu warned in 2010 that the engine of economic growth was consumption, not in any case the austerity measures that the government of the time was taking on the ground that they met the IMF requirements.
"Cutting wages and pensions is not an economic growth inducing measure, but rather one of saving by decreasing (the state gets the money by taking it out of the normal market circuit ). In a context where they unanimously speak about " solutions "," discount "," cut "," decreases "I think we all miss the key word of the moment, the real theme of 2010. This is economic growth," Dan Voiculescu wrote.
The Independent Evaluation Office of the IMF officially announced that the austerity measures were a mistake. A catastrophic mistake for which it would be unfair that no one should be held accountable, Dan Voiculescu adds.