Wednesday, September 30, 2009

Romania c.bank head nominated for new 5-yr term

BUCHAREST, Sept 29 (Reuters) - Romanian political parties have agreed to nominate central bank governor Mugur Isarescu for a new five-year term, a senior parliament official said on Tuesday.
Economists said his reappointment would likely strengthen the support for policies vital for Bucharest to retain aid from the International Monetary Fund.

"Parties have agreed to endorse governor Isarescu for a new mandate. There has been no questions on this point," Ion Ariton, Senate budget commission head and member of the coalition's centre Democrat Liberals, told Reuters.

Ariton said first deputy governor Florin Georgescu and deputy governor Cristian Popa are also on the list. Board members due to face hearings in parliament later in the day.

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