Ponta urges AgriMin Constantin to tackle farm credit crunch vicious circle with commercial banks

Prime Minister Victor Ponta on Friday urged Agriculture Minister Daniel Constantin to discuss with commercial bank representatives to tackle what he called the vicious circle of farm credit crunch affecting farmers conducting projects on European funds.Constantin told Ponta project beneficiaries do not have enough money to make the payments and yet they apply for refunds because of the problems facing the liquidity market.'I ...

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