Romania CHIAR imprumuta 20 mld. euro de la FMI

Cum ne vede presa internationala – din REUTERS.

“After the global financial turmoil strangled funding for its cash-dependent economy, the country of 22 million people on the EU’s eastern frontier has become the third member of the bloc to be bailed out after Hungary and Latvia.

Economists say the package should calm wobbly markets and ease pressure on the domestic currency, which has been trading near record lows against the euro since the start of the year.

But while it leaves scope for public spending to bolster the economy, the loan is unlikely to prevent Romania from slipping into recession this year as the global crisis chokes off manufacturing and domestic consumption.

“This should be enough to avert a threat of losing liquidity in foreign currencies … However, it will not be enough to avert a recession,” said Bartosz Pawlowski of TD Securities.

Romania has a weak record with the Fund. It has completed only one of seven stand-by deals since the fall of communism, meaning it has reneged on IMF-prescribed reforms before drawing all the funds.”

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