Romania's President Traian Basescu arrives for the EU Eastern Partnership summit in Vilnius November 28, 2013. REUTERS/Ints Kalnins
BUCHAREST (Reuters) - Romanian President Traian Basescu sought to soothe investors on Wednesday by throwing his weight behind a 4 billion-euro aid deal with the International Monetary Fund that has looked under threat from a split in the ruling coalition.
Basescu had previously refused to ratify the latest review of the deal, which is key to the economic credibility of the European Union's second-poorest state. He objected to proposals for a new fuel tax and a bank loan-support scheme.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
