Romania’s Ponta Pledges to Undo Wage Cuts, Keep Prudent Policy

Romania’s designated prime minister, Victor Ponta, said he plans to reverse public-sector wage cuts while pursuing a prudent fiscal policy and continuing an accord with the International Monetary Fund and the European Union.

Ponta’s cabinet plans to restore public-employee wages this year after a 25 percent cut in 2010 and go ahead with share sales in state-owned assets after auditing the previous government’s asset-sale plan, according to a governing program filed to Parliament yesterday. The new government plans to seek a confidence vote in Parliament on May 7.