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Romania faces loan problems |
03.11.2009 |
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Romania might face a delay in its support loans from international bodies even if it has met the relevant economic criteria, it has been claimed.
Joaquin Almunia, the European Union monetary affairs commissioner, fears that the political turmoil the country is currently facing might make it impossible for it to prove it has complied with the rules, Reuters reported.
He said: "My first information is that given the lack of a stable government, it was very difficult to check how the conditions in our memorandum of understanding and letter of intent ... were fulfilled or not."
Romania is facing a presidential election on November 22nd and was plunged into turmoil after the collapse of its coalition government earlier this year.
Lucian Croitoru was appointed prime minister in the wake of the crisis and has already warned that the country faces disaster if it fails to secure the next two tranches of its loans.
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