PSD demands conditions for acceptance of Package 3, a 10 % cut in administrative spending. Prime Minister Ilie Bolojan and Finance Minister Alexandru Nazare met with representatives of the Fitch rating agency to discuss the package and its effect on Romania’s borrowing cost. The Social Democratic Party insists that specific reforms be added to the package before it can be adopted by the coalition. The meeting is part of the government’s effort to secure a favorable credit rating for the country.
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