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Financial Times: the IMF agreement marked Romania as a country with problems 

de A.C.     HotNews.ro
Vineri, 6 august 2010, 10:30 English | Business

Romania's agreement with the IMF automatically marked it as a country with problems, Financial Times reads in an article analyzing the situation of debts of several European countries. Romania's tender had less success: Finance minister rejected the offers of the markets and accepted the money from the IMF. However, the decision seems to have the opposite effect as it marked Romania as a country with problems which might explain why Hungary refuses the IMF help. 

Romania's Finance minister rejected on Thursday the offers of all banks for the emission of benchmark state obligativities, according to the National Central Bank. The announced value of the tender was 300 million lei and banks submitted purchasing offers of over 557.18 million lei. 

State titles represent obligativities that attest the public debt and represents loans of the state in the national currency or foreign currency on the short, medium and long term. 



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