deviation

Romania is captive of tax and wage policies that are hostile to long-term sustainable development. One of the most striking arguments is the very large amplitude of GDP deviations from the potential, resulting from a pro-cyclical policy which...

The European Council issued on Tuesday a new recommendation, at the request of the European Commission, based on the significant deviation procedure, with Romania being warned to operate a correction of 0.8% of GDP, according to the European...

The European Commission (EC) has determined that Romania has not taken efficient measures to „correct its significant deviation from the adjustment plan to achieve the mid-term budgetary objective” (the so-called MTO), according to the EC press release which...