Romania Takes Austerity Measures to Cut Wages, Pension

Romania on Sunday approved an austerity plan to cut its budget deficit to meet the agreed-on terms with the International Monetary Fund for new loans, Xinhua reported.

The new bill will be sent to the parliament on Monday, which will vote over calendar of the government's steps to implement the austerity measures.

The measures include cuts in p public wages and pensions, as well as reduction or cancel of part of social aids.

Romanian Prime Minister Emil Boc said the plan will run through the end of this year.