Basescu: I back precautionary agreement with IMF

President Traian Basescu told national television station TVR late on Wednesday that he backs the option of Romania's staying in a precautionary agreement with the International Monetary Fund (IMF).'I have argued that the agreement is a safety belt for Romania. ... I back the option of staying in a so-called precautionary agreement. That means, we should stay in partnership with the IMF and the European Union, but this time around it should be a development programme coupled with the ...

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