Romania offers Moldova aid to keep it solvent, and with West
BUCHAREST, Romania (AP) — Romania offered Moldova emergency economic aid and a loan of 60 million euros ($65 million) on Tuesday in hopes of preventing economic collapse and keeping the impoverished ex-Soviet republic on a pro-European course.
Romanian Prime Minister Dacian Ciolos said that to get the money, Moldova will have to reform its justice system, fight corruption, sign a draft agreement for a loan from the International Monetary Fund, and appoint a new central bank governor.
"Romania is clearly by Moldova's side," added Romanian President Klaus Iohannis, who met with Moldova's Prime Minister Pavel Filip in Bucharest. "We want to support you on your European path and we are convinced that together we will find the best ways to do it."
The offer from Romania comes as Moldova stands on the edge of economic collapse following the disappearance of more than $1 billion from three Moldovan banks, one eighth of the nation's annual GDP.
http://www.chron.com/news/world/article/Romania-offers-Moldova-60-million-loan-to-spur-6784049.php
