Romania May Rethink Entire Energy Strategy

Romanian government pledged to search an alternative strategy to overhaul its energy system if its current plans to set up two national champions fail to produce the desired results by year-end, according to the country’s draft letter of intent agreed with the International Monetary Fund."If the national champion strategy is not successful by end-2011, we will look for an alternative solution, including selling the majority stakes in some of the energy companies," the government said ...

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