Romanians Reject Austerity Government
Romania’s ruling party suffered a massive defeat with the passage of a no-confidence vote, rejecting an austerity program that would cut government spending.
235 members of Romania’s government voted against pro-austerity Prime Minister Mihai Razvan Ungureanu. Romania’s president will now have to appoint a new prime minister.
Austerity programs have failed to assist the UK’s economy as their economy has just recently fallen back into recession. Austerity has also been faulted in Spain, who recently had their credit rating downgraded.
Republican presidential candidate Mitt Romney has advocated for austerity-style programs in the United States.
President Barack Obama has rejected the most severe austerity initiatives, choosing instead to pass the stimulus program that has helped return America to positive GDP growth. Some economists say that if Obama had not cut back on government spending, the ongoing U.S. recovery would be wider and stronger.
|« VIDEO: Yankees Fan Kicks Female Red Sox Fan In The Face||Boehner: Not As Rich As Romney? You’re A “Loser” »|
Exxon CEO Got 8% Pay Bump Ahead Of Arkansas Spill
Steve Jobs Widow: Immigration Reform Now
Rick Warren Bombshell: My Son Bought Unregistered Gun Online For Suicide
NRA Loses First Round As Gun Bill Advances
Most Popular Stories Today
- Pornstar’s Real Names Revealed 155 view(s)
- Selena Gomez Bikini Photos For “Spring Breakers” Released 46 view(s)
- January Jones Banned From New X-Men Movie? 39 view(s)
- 25 Pictures Of Jennifer Lawrence 25 view(s)
- 2012 AVN Awards Winners List 24 view(s)
National Confidential is breaking news, as it happens. Click here to contact us.