Romania Needs New Vienna Agreement To Prevent Banks From Taking Money Out

10.25.2011 By Razvan Voican

Threatened by a new wave of recession, Romania is faced with the real danger of foreign banks halting financing; the leaders of the euro zone should find a solution resembling the former Vienna agreement expanded to the entire European Union to prevent reduction of exposures to EU border countries and support continuation of lending.

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Keywords:
BANKS
, VIENNA AGREEMENT
, EXPOSURE