Romanian government policies may put financial stability at risk, IMF and EC staff say
Draft laws on loans and debt clearance may undermine banking sector, staff say
Recent policy initiatives by the Romanian government may endanger the country's financial stability, according to staff from the European Commission and International Monetary Fund.
Specifically, laws being considered for the financial sector might put the banking sector at risk, they said. The IMF mission to Romania published a concluding statement on March 14, while Commission staff produced a separate country report last month.
On fiscal policy, Romania's 2016 budget "inappropriately gives
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