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EU Asks Romania For Details On Consumer Lending Ordinance

The European Commission sent Romanian authorities a letter asking for further details on the transposition of a European directive into local legislation through Government Emergency Ordinance 502010 on consumer lending contracts. The document was sent to the local Department for European Affairs, and, according to government sources, it is the first step in a potential infringement procedure. Central bank first deputy governor Florin Georgescu confirmed that the European Commission ...

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