Romania forced to repay loans by plunging further into debt

Romania Forced Repay Loans Plunging Debt - Politics, Business, Civil, History - Posted: 7th Sep, 2010 - 8:20am

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Post Date: 7th Sep, 2010 - 8:20am / Post ID: #

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Romania forced to repay loans by plunging further into debt

Romania forced to repay loans by plunging further into debt
user posted image Local Romania Business News In English

President Traian B'sescu yesterday confirmed what Ziarul Financiar had written: a new loan agreement with the IMF. Despite promises from the Government and the NBR that there was enough money to repay the huge 20 billion euro loan sealed in March 2009, the already existing debt cannot be repaid without taking on more debt. Source: ZF - ZF English

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