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New EU strategy: 5 BN Euros loan for Romania, provided that Justice reforms take place

de Radu Rizea     HotNews.ro
Miercuri, 6 mai 2009, 8:26 English | Regional Europe

The Finance ministers of the European Union states approved on Tuesday the 5 billion Euros loan for Romania. The final document, scheduled to be released on Wednesday, may include several conditions for Romania to receive the loan, including Justice reforms, faster decisions in corruption cases and the adoption of the new Penal and Civil Laws, along with their procedure codes.

Sources in Brussels said for HotNews.ro that there is a chance for the document to include not only economic, but also administration-related conditions. The reason is that more and more officials believe that the safeguarding clause is not efficient enough for Romania and Bulgaria and that more pressure may be put on the two states in case the EU threatens to cut some of the funds.


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