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Romania's public wages drop 25%, pensions drop 15%
VAT and the flat tax remain unchanged, while wages in the public sector will drop 25%, President Traian Basescu announced on Thursday, after a meeting with IMF experts and politicians from the governmental coalition.
Here are the main ideas put forward by the Romanian president:
* There are 3 million people working the real economy and public sector spending transferred on those who work. The...