Romania president ratifies latest review of IMF aid deal


  • World
  • Thursday, 06 Mar 2014

BUCHAREST (Reuters) - Romania's President Traian Basescu ratified the latest review of a 4 billion euro aid deal with the IMF on Wednesday, ending a weeks-long standoff over a deal seen as key to the country's economic credibility.

Basescu moved swiftly to clear the agreement after Romania's ruling coalition collapsed last week, a split that had raised doubts over the government's ability to push through reforms that were agreed with the International Monetary Fund.

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