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One country, three weeks of political crisis and three governments

20 Oct 2009

Romanian version

It has been three weeks since the ruling coalition plunged into crisis, triggered by the sacking of the Interior Minister, PSD’s Dan Nica by the centrist PM Emil Boc. After 21 days of political crisis, Romania has three governments standing in parallel run, but none fully operational.

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“Any delay can bring upon higher costs”

“Any delay can bring upon enormous costs”, said Croitoru when asked whether an interruption of the stand-by arrangement with International Monetary Fund would lead to a financial instability.

Croitoru told The Money Channel that the termination of the agreement with IMF would put Romania at risk of borrowing at higher costs and very short maturity.

IMF said in a press statement remitted after the collapse of the Boc government that a mission to initiate discussions with authorities on the second review of the SBA would visit Romania as soon as a new cabinet had been formed.

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One country, three weeks of political crisis and three governments

“Any delay can bring upon higher costs”

Article comments "One country, three weeks of political crisis and three governments"

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