Romania’s Parliament voted for a bill that forces an immediate 40% hike in public pensions, as opposed to a milder 14% increase proposed by the Government. Critics warn that the increase could seriously hike the nation's budget deficit in the near future.
The decision, which comes just five days ahead of the local elections on September 27 and two months ahead of the December 6 parliamentary elections, highlights the fierce battle for votes between the Social Democrats (PSD), who occasionally hold the majority in the Parliament, and the Liberals (PNL), who run the Government.
[FULL STORY HERE]
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