The president of the Court of Accounts Nicolae Vacaroiu explained the deputies of the Commission for budget, finance and banks, that by his own calculations, the underground economy in Romania annually exceeds 50 billion euros.

'Talking about the underground economy, and you know I deal with the macro-economy as well, and it is true what the (Organization for Economic Cooperation and Development) OECD says, and by my calculations, too, the underground economy exceeds 50 billion euros in Romania, every year.

This is the reality. Then, the problem is why do we borrow money from abroad and pay interests and commissions, why do we take no measures, ' said Vacaroiu.

He also exemplified how tax evasion on bread can be fought against very easily, stressing that it was the easiest solution for a tax collector, namely it must be calculated how much bread is made monthly at a certain electricity consumption, and then the bread production can be calculated right by reading the electricity meter of the bread factory.