Wednesday, March 11, 2009

EU says ready to aid Romania to fight crisis

BRUSSELS, March 10 (Reuters) - The European Union said on Tuesday it was ready to give aid to Romania to fight a possible financing crisis. 'The Commission is in close consultations with the Romanian authorities and the IMF to develop a joint response to bolstering Romania's macroeconomic situation and underpin balance-of-payments sustainability, in the form of a pro-active, insurance-based multilateral financing package,' the European Union's executive arm said in a statement.

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