Romania Is Recovering According to PM

People ♦ Published: September 19, 2013; 10:50 ♦ (Vindobona)

Romanian Prime Minister Victor Ponta presented the key issues on the new agreement with the EU Commission, the International Monetary Fund (IMF) and the World Bank to the parliament on Tuesday.

Romania Is Recovering According to PM / Picture: © Flickr / Partidul Social Democrat

According to Prime Minister Ponta, the agreement does not include an increase of taxes. The arrangement with the authorities would enable Romania to continue borrowing money at low costs in which case it would comprise a loan of € 4bn. The loan is aimed to secure funding in case of a new global economic or financial crisis or within the Eurozone on the one hand and on the other hand…