News Column

Victor Ponta: ASF executives' incomes unacceptably high

February 20, 2014

Agerpres, Bucharest, Romania

Feb. 20--BUCHAREST -- The incomes of the Financial Supervisory Authority (ASF) executives are unacceptably high, and all ordinary people are irritated, Prime Minister Victor Ponta said at the Ministry of Public Finance on Thursday.

'I would be very happy with President Basescu requesting this [dismissal of the ASF executives] when the heads of CNVM [the Romanian National Securities Commission], of the insurance [supervisors], of the pensions [system] were appointed by PDL [the Democrat Liberal Party] and had much higher wages than the current ones; but Mr Basescu was very happy, when [salaries] were twofold, but they were his people. I think the President is very upset because one of his sponsors, the owner of Astra Asigurari company, has some problems, and that's why he is suddenly upset by ASF,' the Prime Minister said.

President Traian Basescu on Wednesday requested Parliament to immediately dismiss all the executives of ASF which, in his opinion, is 'a cesspool.'

'Both the public debate and the realities are forcing me to ask Parliament to immediately dismiss all the executives of ASF. ASF is a cesspool where all the political clients have found their retreat; these people are otherwise truly incompetent and unskilled for this work. Either we talk about Radu Rusanu, Daniel Daianu, Ursache, about Mr Chitoiu's wife, Dan Mircea Popescu, Mrs Zgonea, or the Prime Ministers advisers, this whole cesspool must be discharged out of ASF,' Basescu said at the Cotroceni Palace.

He added that ASF should be transformed into 'an institution with professional and moral authority.'

In response, an ASF release explains that the unprecedented assault on the Financial Supervisory Authority occurs in the context of the institution's decision to open the financial recovery procedure under special administration for the Astra company, and the act of defamation of ASF is at least unbecoming for any representative of any state institution.

On the other hand, ASF head Dan Radu Rusanu announced earlier this week that he would propose to cut to half the wages of the institution's executives.


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Source: Agerpres (Romania)

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