Romania Under Observation

Politics ♦ Published: October 9, 2013; 22:53 ♦ (Vindobona)

The IMF wants Romania´s government to put more effort in austerity measures, market liberalization and privatization of state-owned assets.

Romania Under Observation / Picture: ©

The emerging nation has applied for an IMF loan. In late September, the IMF has granted a precautionary line of € 2.0bn. Moreover, the European Commission provides a two-year loan of € 2.0bn.

Nevertheless, Romania´s government is still under pressure. In the next years, Romania faces a number of fiscal and economic challenges. The country is highly dependent on foreign…