MF: Romanian Govt Collapse Won't Interrupt Aid Program

Wall Street Journal ^ | October 15, 2009 | Meena Thiruvengadam

[La Lydia]

WASHINGTON --The International Monetary Fund on Thursday said it does not expect the collapse of Romania's government to deter a $17.1 billion aid package it has promised to the struggling eastern European nation...The Fund has extended a two-year loan offer to Romania and already has disbursed nearly $10 billion in aid to the country.

Romania, however, has fallen into a political crisis after a no-confidence vote in its parliament earlier this week led to a collapse of its centrist minority government. The uncertainty in its political situation comes as the country also is battling a deep recession.

Romania has tapped its former IMF representative Lucian Croitoru to serve as its prime minister, a position that would allow him to run an interim government until the country holds a presidential election later this year.

The IMF plans to meet with Romanian officials to discuss the disbursement of additional loan dollars as soon as the country forms a new cabinet.

[La Lydia]

Bet this has the Hondurans scratching their heads. Double standard.

[La Lydia]

ping for double standards

[CPT Clay]

What? We barely here about Romania and Honduras, MSM is too busy reporting on Olympia Snowe’s meaningless vote!!!

[Wally_Kalbacken]

In keeping with the motto of the Obama Administration (”Everybody get some!”), keep the spigot open!

[blam]

"Romania, however, has fallen into a political crisis after a no-confidence vote in its parliament earlier this week led to a collapse of its centrist minority government. The uncertainty in its political situation comes as the country also is battling a deep recession."

This may be our future...

[twigs]

That’s the reason why I like to listen to BBC America. While I know it runs left, I at least get world news.