Romania reaches out for new ‘precautionary’ loan

EUObserver reported that Romania was about to sign a second, 'precautionary' agreement with the EU and the International Monetary Fund worth €5 billion, with a first aid package agreed in 2009 set to run out in May 2011, President Traian Basescu said on the 6 February 2011.

• Primary Source

Mediafax, 6.2.11: Romania Secures EUR5B Two-Year Precautionary Deal With IMF, EU, World Bank http://www.mediafax.ro/english/romania-secures-eur5b-two-year-precautionary-deal-with-imf-eu-world-bank-7957350/

IMF: Romania and the IMF http://www.imf.org/external/country/ROU/index.htm

ESO: Background information: Romania sticks to austere path to recovery http://www.europeansources.info/record/romania-sticks-to-austere-path-to-recovery/

---