Thursday, October 29, 2009

Farmers protest in Bucharest over unpaid subsidies

(AP:BUCHAREST, Romania) Hundreds of farmers are protesting in Bucharest over unpaid government subsidies.

The protesters said Wednesday the government has not paid them subsidies of 44 lei (euro10) for each sheep and goat they have and only 35 percent of the promised subsidies for cows has been allocated.

Farmers association Agrostar says farmers says will go bankrupt if subsidies are not paid.

Protesters tried to break through a police line to get into the Finance Ministry, but were kept back.

Romania is mired in a deep recession and authorities pledged to keep the budget deficit in check in return for a $17.1 billion loan from the International Monetary Fund. An IMF delegation began a visit to Romania Wednesday to evaluate the country's economy.

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