Balkans

Serbia Risky for Foreign Banks

Hard currency loans to Serbia, Estonia and Latvia are the most at risk of default in central and eastern Europe, according to the International Monetary Fund. The IMF says that Western banks risk losing US$160 billion of a total US$1.6 trillion placed in the central and eastern European region, daily …

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Romania denies involvement in Moldova riots

Romania dismissed on Wednesday claims by Moldova’s president that it had interfered in his country’s internal affairs, and threatened to expel the Moldavian ambassador. Moldovan President Vladimir Voronin earlier on Wednesday accused Romania of involvement in the riots in Chisinau over the election results, announcing visa restrictions for Romanians and …

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Romanian Foreign Ministry Rejects Moldova “Provocation” Claim

BUCHAREST -Romania Wednesday rejected accusations by Moldova’s President Vladimir Voronin that it had played a role in the anti-Communist unrest that have shaken Chisinau. “This accusation is a provocation aimed at the Romanian state,” Romania’s foreign ministry said in a statement issued shortly before Moldova told Bucharest’s ambassador in Chisinau …

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