Requesting this postponement was brought up in a Government meeting last week. The ministers of Justice and of Foreign Affairs have been put in charge of this plan, the sources said.
The deadline for the amendments to the law on nationalized property is July 12. Pushing this date back by at least six months, and therefore beyond the local and general elections, would put the burden of a decision on the future Cabinet.
The Government is planning to cap the value of compensation at 15% of the property value, payable in tranches in the next ten to twelve years. Finance Minister Bogdan Dragoi said this solution was chosen because “it is all the state can afford,” as Romania would need to spend 70 billion lei (EUR16 billion) to compensate the former owners in cash.