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International report – “Our pensions have not been indexed to inflation”: in Romania, austerity hits purchasing power hard

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While Romania is in the midst of a political crisis and awaiting a new Prime Minister, the reasons for the turmoil are to be found in the economy. Faced with a major budget deficit, the largest in the European Union, and excessively high inflation (11%), the government has implemented an austerity policy which seriously penalizes citizens and their purchasing power.

International report – “Our pensions have not been indexed to inflation”: in Romania, austerity hits purchasing power hard

On a street in Bucharest, Romania. (Illustrative image) Getty Images – Matt Cardy

The report by Guilhem Bernes, our correspondent in Bucharest, can be found in its entirety on the RFI website in Accents d’Europe Accents d’Europe.

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