Political crisis puts Romania on a diet

The current political environment and the lack of a government to submit the 2010 budget to the Parliament has held back the completion of the program review of the International Monetary Fund and European Commission. International institutions have thus decided to put off the disbursement of the following tranches under the aid deal with Romania.The third tranche totaling €1.5 billion under the €12.95 billion package from the International Monetary Fund, originally slated for December, has been put off for next year due to a domestic political crisis that blocks the approval of 2010 budget.

The only chance Romanian authorities have to receive this tranche is to pass the 2010 budget. And there is one condition for that: a government with parliamentary legitimacy.

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