The situation is not so serious and there are possibilities of avoiding a default in Moldova, two former officials stated in the talk show “Politics” on TV 7 channel, IPN reports.

Ex-Premier Dumitru Braghis said the situation is difficult, but not so serious. “The situation is difficult, but this does not mean that a default is inevitable. There is such a danger, but everything depends on the Government and Parliament. They can do everything possible for the country not to experience a critical situation. The Cabinet should include a team that will have the ambition to take the country out of the crisis. Political will is needed for solving several key problems faced by Moldova, including corruption, justice, political populism and division of society. The economy should be restructured. During the 25 years, we have made effort to rehabilitate an economy inherited from the former Soviet system. I think we should unite society around a national idea,” he stated.

Former deputy prime minister Alexandru Muravschi, minister of economy, also considers that the situation can be remedied. “I don’t think that Moldova is close to a default, but such a situation can be experienced if the Government does not tale particular actions. The Ministry of Finance must revise the budget expenditure. A lot depends on how swiftly the Government is formed. The created situation wasn’t caused by the foreign factor, but the internal one. It’s rather a political than economic issue,” he said.