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Isarescu: Romania Doesn’t Risk Default

Romania is no danger to suspend its external payments, central bank governor Mugur Isarescu said Thursday, in reply to media reports about an imminent default following a statement made by the head of the International Monetary Fund. IMF president Dominique Strauss Kahn Wednesday said in a television interview that a series of "vulnerable" European economies, such as Greece, Ireland, Latvia, Hungary and Romania, need to implement harsh measures to bring their budget deficits in line. ...

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