15:18, 10.03.2009 Romania Plans To Borrow EUR19B From EU, IMF - Sources

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BUCHAREST / 15:18, 10.03.2009 The Romanian Government intends to borrow EUR19 billion from the European Commission and the International Monetary Fund, following an evaluation made by the Finance Ministry and the central bank, government sources told MEDIAFAX.The financial package includes a EUR12 billion loan from the IMF, and a EUR7 billion financing from the EU.

"The discussions are ongoing, but the total amount is at EUR19 billion," the quoted sources said.The Government has sent the...

Read the whole story in: Mediafax