Global Romania - Offshore Outsourcing Portal
 
 

Home

New User? Register today!
Forgot your password?

SEARCH

GO

ABOUT US
DIRECTORY
SERVICES
NEWS
FORUM
JOBS

Outsourcing News : Article

SNAP ANALYSIS-No meltdown if Romania aid deal but no quick fix

Any foreign aid granted to Romania to avoid a financial crisis will probably impose tough austerity measures on the EU's second poorest state and provide little long-term support for the leu currency.

Any foreign aid granted to Romania to avoid a financial crisis will probably impose tough austerity measures on the EU's second poorest state and provide little long-term support for the leu currency.

Economists said any deal in response to Romania's request would calm fears of an immediate meltdown and could lead to a short-term market rise. But they said it did not remove the need for a fundamental depreciation in the leu or open up a way back to booming growth.

Few details of a potential plan have been made public, but a European Union diplomat source close to talks with the EU and the IMF said a deal could be decided very quickly if Romania agrees to its terms. An IMF team visits Bucharest this week.

Read entire article on Forbes.com

Posted: Tuesday, March 10, 2009

News : Recent Headlines

© 2012, Global Romania
Privacy Policy