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Romania's president asks parliament to reassess tax cut

July 27, 2014

(Reuters) - Romania's President Traian Basescu sent back to parliament a planned social security tax cut by the government on Wednesday which he says will hurt budget revenue.The cut was approved by Prime Minister Victor Ponta's leftist government in June and endorsed by parliament earlier this month, going against a recommendation from the IMF which leads a 4-billion euro aid deal

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