





Joaquin Almunia: EU - IMF agreement with Romania will be announced later this week
IMF representatives are scheduled to meet on Monday with Romania's PM Emil Boc, representatives of all parliamentary political parties and union representatives. Government representatives declared that negotiations will end in about two weeks when the IMF will send a stand-by agreement for a period of two years.
PM Boc announced that the international loan has a preemptive character and will be used to consolidate the central bank reserves and thus maintain the exchange rate at an acceptable level. Almunia declared that other EU member states, non euro zone members could take up a similar loan.