Romania Wants New Precautionary Agreement With IMF In Bid To Calm Markets

07.26.2012 By Claudia Medrega

The announcement by Finance Minister Florin Georgescu on Wednesday that Romania will seek another two-year precautionary agreement with the IMF is a clear attempt to calm suspicions of foreign analysts and regain the lost confidence of external markets, which showed in the collapse of the Romanian currency in the past few weeks.

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Keywords:: IMF; , AGREEMENT; , MARKETS; , GEORGESCU

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