Antena 3 CNN Romania Dan Voiculescu: Poverty destroys our children’s destiny

Dan Voiculescu: Poverty destroys our children’s destiny

Dan Voiculescu: Poverty destroys our children’s destiny
15 Dec 2015   •   15:07

 

Dan Voiculescu draws the politicians ‘attention to the deficient economic policies of recent years. In a post on his blog, the professor argues that Romania continues to borrow in order to pay pensions and half of the children in Romania are at risk of poverty.


The system must be changed, argues Dan Voiculescu, so that the young people could have a better future.

University professor Dan Voiculescu argues that the measures adopted by the authorities in recent years have produced serious imbalances and affect future generations.
"The Romanian state has got a huge responsibility for the fact that in 2015 almost half of Romania's children are at risk of poverty or social exclusion. Meanwhile, 43% of children with disabilities are not enrolled in any form of education. The monumental failure of the austerity plan of 2009, 2010, 2011 destroyed destinies, condemned generations and raised poverty to alarming levels " Dan Voiculescu writes on his blog.

Dan Voiculescu also addresses the pension system which has been plagued by wrong economic policies.
"Romania has today economic growth, but continues to borrow to cover the pension fund deficit. In the last three and a half years, Romania has borrowed 47 billion lei (over 10 bln. Euro). However, there is currently a deficit of about 20 billion lei to the pension fund, "says Dan Voiculescu on his blog.

Professor Dan Voiculescu says that authorities must find ways to create new jobs, as the number of employees is lower from year to year, while the number of pensioners is increasing.

"At the same time, statistics on the current structure of the Romanian population illustrate the most vulnerable fraction of the Romanian economy: the number of employees / number of retirees who currently stand at 4.5 / 5.1. For 17 years, the number of employees, taxpayers supplying public pension fund budget is less than the number of pensioners. All that under the circumstances where there is no demographic increase", according to Dan Voiculescu.




Dan Voiculescu draws attention to the lack of investment in rural areas. Although Romania had an economic growth of 1.4% in 2015, there are still two million households which are not supplied with running water and are not connected to the sewage system.

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