Romania plans to raise value-added tax (VAT) to 24% in an effort to curb the country's deficit, the prime minister has said.
Emil Boc said the 5% rise was an attempt to guarantee a $20bn International Monetary Fund (IMF) loan.
The move comes after Romania's top court ruled out plans to cut pensions, prompting the IMF to delay key talks.'
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LOOTING THE PEOPLE TO BAIL OUT THE BANKS YET AGAIN
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