Romania To Sign Precautionary Deal With EU – Fin Min

Asked by journalists what type of deal would Romania and the European Commission sign, the minister said several times the next agreement will be a precautionary one, as the loan that will be agreed with the IMF.

„If Romania cannot cover its deficit, it will draw these funds from the Commission, but this is not the case,” Ialomitianu said.

In 2009, Romania secured a EUR20 billion financial package, backed by funds from the IMF and the EU. The Romanian authorities plan to enter new agreements with the international lenders once the current arrangement expires in May.