Reuters: Deeper cuts possible, even if Romanian PM model student to the IMF

Despite acting like model students to the International Monetary Fund (IMF), the ruling team in Bucharest, Romania could be forced to make deeper cuts, which could endanger their political image just before the 2012 elections, underlines a recent analysis posted by Reuters. The article titled “Pre-poll nerves for Romania govt if new austerity wave” calls Romanian Prime Minister Emil Boc (in picture, right) 'a model student of IMF-prescribed austerity', which might however not be enough, as global market turmoil and stalled privatizations could come in the way. “Boc has already suffered heavily in opinion polls, with the parties of his centre-right ruling coalition garnering only 25 percent support, versus a comfortable 60 percent for a loose alliance of opposition parties led by leftist Social Democrats,” according to Reuters. The analysis came as Romania posted its second quarter economic results, which pointed to a mere 0.2 percent quarter-on-quarter GDP growth and a 1.7 percent year-on-year growth for the second quarter, below expectations. Read the full Reuters analysis, signed by Radu Marinas and Sam Cage in Bucharest- here. editor@romania-insider.com (photo source: Romanian Government; in picture- left; IMF and World Bank representatives; right - Romanian PM Emil Boc)