Romanian Prime minister Emil Boc and his government have resigned amid to weeks of protests in Romania over austerity measures he introduced in 2010 so as to deal with the staggering debts in the country..Romania has followed suit other European Union members such as Italy,Portugal and Greece in seeking funds from IMF so as to avoid a disastrous economic relapse.Boc 's resignation came after Greece 's economic relapse and the resignation of Italy 's Prime minister Silvio Berlusconi after the Italians had demonstrated against the austerity measures he had introduced also in order to meet the loan demands of IMF.They is no doubt that IMF bail outs are costing the EU members as they seem to face unpopularity and social unrest after borrowing money from the organisation this is not only true for those countries but if we are to consider the drastic effects that IMF and International organisations's loans have done to Africa it is really arguably and justifiably to say that these loans are more of a threat than of help to the countries that get help from these organisations.
Even after Emil Boc 's resignation IMF says it expects no major policy change,thus making the new government a change of people and no change to the radical austerity measures that had been put by Boc.However Boc has proved to be a bold leader with the people s interest at heart ,''The most important thing is the economic stability of the country ,he said adding in time of crisis the government is not in a popularity contest but is saving the country.''(quoted from BBC NEWS)
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