On the Edge: Romania Urgently Moves to Prevent Bankruptcy with Tough Fiscal Measures

Romania is facing a severe financial crisis, with the government warning it risks running out of funds to cover pensions and salaries. Prime Minister Ilie Bolojan described the situation as critical, stating that without immediate and stringent action, the country could slide into a harsh recession.

The government is urgently seeking ways to increase its budget revenues while cutting expenditures....