Romania borrows EUR 3 bln from the foreign markets in one day

Romania has borrowed EUR 3 billion from the foreign markets in just one day. It is the largest sum borrowed all at once through Eurobonds with maturity of 7, 15 and 30 years, romaniajournal.ro informs. At the same time, it is the first time when the state resorted to a 3-year loan.

Last year, the Romanian state has got a total of EUR 3.75 billion, plus EUR 1.2 billion from other markets.

The move has been slammed by the Liberals in the Opposition. “Romania needs more money and it is borrowing it more and more. The Government has made a strategic mistake,” said Liberal senator Florin Citu.

In his turn, PNL deputy R?zvan Pri?c?, the loan has lacked all transparency rules.

Yet, Finance minister Eugen Teodorovici said the loan represents “a success” that proves Romania enjoys a long-term confidence.

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