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Romanian austerity coming

A man rides a bicycle past an abandoned car in a poor neighborhood of Bucharest, Romania, on Saturday.
Romania Economy IMF
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A man rides a bicycle past an abandoned car in a poor neighborhood of Bucharest, Romania, on Saturday. Romania is to cut wages by 25 per cent and pensions by 15 per cent in the public sector over the coming months to meet an International Monetary Fund budget deficit target.