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Romania Defaults

Romania Defaults

Tue Jul 19, 2011 12:39 pm Post
Romania defaults on Indian debts.
Pre-emptive default on public debts.
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Re: Romania Defaults

Sat Jul 30, 2011 6:44 pm Post
The Indian Government would like to instead lower the interest rate to 0% until 2014, after which date the rate will return to 3.5%. This is to ensure that Romania does not default on her debt to the Republic of India.

If need be, my government is willing to further work with the Romanian Government in settling this.

Rashan Aromashodu
Minister of Finance

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