"The surgery was a success, but unfortunately the patient died". In the 90s, this expression was circulating regarding the shock therapy preached by famous economists from Harvard (Jeffrey Sachs) and applied at the beginning of the 90s to post-communist Russia. Today, we must avoid the scenario in which the reduction of the budget deficit in Romania (the operation) will be a success, at the price of sacrificing the Romanian economy (the patient). Action on taxation (reduction of excise duty and VAT) are the most effective (and liberal) levers to reduce fuel prices. Romania must return to the minimum excise duty allowed in the EU, a level it practices, together with countries such as Bulgaria, in 2023. Breaking away from the regional platoon (countries comparable to us such as Bulgaria, Hungary, Poland, Slovenia, Slovakia, Czech Republic) and moving Romania into the group of countries with the highest fuel prices in the European Union (Germany, France, Finland) is not sustainable. The fact that Romanians ended up paying twice as much as an American (4.5 lei/liter) or a Japanese (5.3 lei/liter) is an anomaly, which the Romanian economy will not be able to bear. My discussion on Friday, March 27, on the Digi24 set, with Cristi Citre on this topic. #fuels #petrol #diesel
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