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IMF to discuss Romania’s new package before the end of September

Rainman05

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IMF to discuss Romania’s new precautionary package before the end of September | Romania-Insider.com

Read all at the link, a small part here.

The Executive Board of the International Monetary Fund (IMF) will discuss Romania’s request for a new Stand-By Arrangement on September 27.

The Government has asked the organization to approve a 24-month precautionary deal, worth about EUR 2 billion, as well as requesting another EUR 2 billion from the European Commission.

So I told you that earlier this year, in january, the IMF and the EU told the Romanian government, formed since last year's summer from the socialist-liberal mosntrous union (one is center-left the other is solid right, derp) that the country was failing in many of the objectives it was supposed to accomplish by january and provided an extension on numerous reform and objectives deadlines by the summer of this year. So in august I think they came, looked at the results and lo and behold, our inept government failed in more than half of the objectives...

and instead of our PM being a man and taking responsability for his failures, he decided to flip off the EU and IMF saying that: "Well, we won't pursue entering the Schengen area and the Eurozone anymore. THERE!", like the true loser that he is. And on the internal stage he started blaming the party that lost power last year to them.

So. Lo and behold, because our current politicians have stolen SOOO MUCH MONEY from the public budget, they don't have any money left. And they know that they can't help themselves and will steal MORE money next year that they need to do something. So they will sign a new debt agreement with the IMF and the EU. Now this isn't a bailout. Romania's debt/gdp is barely at 30-35%. And the national budget WOULD be sufficient to cover ALL THE EXPENSES of the state and THEN SOME. I mean, we're solid on this. But because they will steal sooo much money, they want to take some european money to pay for all the crap that they have to make so that the people won't pick on the fact that we're being robbed. European money is much harder to steal.

With this debt package of 2-3bil, Romania will owe in total, 27bil euros to the IMF. And that's 2bil euros more that we don't need.
 
IMF to discuss Romania’s new precautionary package before the end of September | Romania-Insider.com

Read all at the link, a small part here.



So I told you that earlier this year, in january, the IMF and the EU told the Romanian government, formed since last year's summer from the socialist-liberal mosntrous union (one is center-left the other is solid right, derp) that the country was failing in many of the objectives it was supposed to accomplish by january and provided an extension on numerous reform and objectives deadlines by the summer of this year. So in august I think they came, looked at the results and lo and behold, our inept government failed in more than half of the objectives...

and instead of our PM being a man and taking responsability for his failures, he decided to flip off the EU and IMF saying that: "Well, we won't pursue entering the Schengen area and the Eurozone anymore. THERE!", like the true loser that he is. And on the internal stage he started blaming the party that lost power last year to them.

So. Lo and behold, because our current politicians have stolen SOOO MUCH MONEY from the public budget, they don't have any money left. And they know that they can't help themselves and will steal MORE money next year that they need to do something. So they will sign a new debt agreement with the IMF and the EU. Now this isn't a bailout. Romania's debt/gdp is barely at 30-35%. And the national budget WOULD be sufficient to cover ALL THE EXPENSES of the state and THEN SOME. I mean, we're solid on this. But because they will steal sooo much money, they want to take some european money to pay for all the crap that they have to make so that the people won't pick on the fact that we're being robbed. European money is much harder to steal.

With this debt package of 2-3bil, Romania will owe in total, 27bil euros to the IMF.
And that's 2bil euros more that we don't need.




Makes a lot of sense to me.

If you can't pay your bills, borrow some more money to throw away.
 
IMF to discuss Romania’s new precautionary package before the end of September | Romania-Insider.com

Read all at the link, a small part here.



So I told you that earlier this year, in january, the IMF and the EU told the Romanian government, formed since last year's summer from the socialist-liberal mosntrous union (one is center-left the other is solid right, derp) that the country was failing in many of the objectives it was supposed to accomplish by january and provided an extension on numerous reform and objectives deadlines by the summer of this year. So in august I think they came, looked at the results and lo and behold, our inept government failed in more than half of the objectives...

and instead of our PM being a man and taking responsability for his failures, he decided to flip off the EU and IMF saying that: "Well, we won't pursue entering the Schengen area and the Eurozone anymore. THERE!", like the true loser that he is. And on the internal stage he started blaming the party that lost power last year to them.

So. Lo and behold, because our current politicians have stolen SOOO MUCH MONEY from the public budget, they don't have any money left. And they know that they can't help themselves and will steal MORE money next year that they need to do something. So they will sign a new debt agreement with the IMF and the EU. Now this isn't a bailout. Romania's debt/gdp is barely at 30-35%. And the national budget WOULD be sufficient to cover ALL THE EXPENSES of the state and THEN SOME. I mean, we're solid on this. But because they will steal sooo much money, they want to take some european money to pay for all the crap that they have to make so that the people won't pick on the fact that we're being robbed. European money is much harder to steal.

With this debt package of 2-3bil, Romania will owe in total, 27bil euros to the IMF. And that's 2bil euros more that we don't need.

Romania is a nice place to visit. If you do not have to make a living there it is also a good place to live.

Would I advise the IMF to lend the country more money? Absolutely not.
 
Makes a lot of sense to me.

If you can't pay your bills, borrow some more money to throw away.

Well. if our bureaucrats would steal 50% less than they are stealing now, we would be in no economic problems what so ever. None. I mean it.
If our politicians would say: ok guys, how much money are we stealing? Say... "X" sum. Ok... while we are still in the shadow of the economic crisis, let's steal just X/2.
Romania would have no more economic problems.

But they are relying on EU money to fund the things we could fund if we had less corruption with no problem... so they can still the public funds because those are easier to steal. If you try and steal EU money you have to make sure EU officials and regulators don't catch you, which is troublesome.

Romania is a nice place to visit. If you do not have to make a living there it is also a good place to live.

Would I advise the IMF to lend the country more money? Absolutely not.

True.
There is even a saying that goes like that here in Romania.
 
Our PM lives on the TV.

Over the past month, his appearances on TV have increased tremendously. That's all he does. Come on TV to talk about one crap or another. I understand that governing is like kryptonite to him and his party but really... this is turning into a joke.

Our governmental site that reports on governmental activities has become similar to that of Burkina Faso, with pages and pages dedicated exclusively to the TV events that the PM participates in.

To top that off ,there are plenty of TV broadcasts that will be more than happy to accommodate his innate fantasy of being a Kardashian.

And another ****ing thing.
Today is his ****ing birthday.
BYZdJWj.jpg


La Multi Ani! = Plenty of years (it's our way of wishing Happy Birthday)
Cu Executare = to serve (in prison).
So the literal translation is for him to have plenty of happy years in prison.


Our president gave him some roses for his birthday. 3 roses to be precise. Because the social-democrats (the party that our PM, mr. Ponta is part of has 3 roses as it's symbol).
 
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