Basescu: Romania may need additional outside financing

07/03/2010

BUCHAREST, Romania -- Romania might be forced to seek additional external financing this year, President Traian Basescu warned on Friday (March 5th). Basescu said there may be no other choice if the government cannot reduce spending to desirable levels. Basescu's statement is in sharp contrast to recent ones from Prime Minister Emil Boc and Finance Minister Sebastian Vladescu who have suggested that Romania might not need the entire 20 billion euros of financial assistance contracted with the IMF, the EU and other international financial institutions. (Romanian Times, HotNews, Mediafax - 05/03/10)

This content was commissioned for SETimes.com.

Vote

We welcome your comments on SETimes's articles.

It is our hope that you will use this forum to interact with other readers across Southeast Europe. In order to keep this experience interesting, we ask you to follow the rules outlined in the comments policy. By submitting comments, you are consenting to these rules. While SETimes.com encourages discussion on all subjects, including sensitive ones, the comments posted are solely the views of those submitting them. SETimes.com does not necessarily endorse or agree with the ideas, views, or opinions voiced in these comments. SETimes.com welcomes constructive discussion but discourages the use of copy-pasted materials, unaccompanied links and one-line slogans. This is a moderated forum. Comments deemed abusive, offensive, or those containing profanity may not be published.