Thousands of Romanians marched through their capital on Thursday to demand the resignation of their government for imposing harsh austerity measures in order to receive international loans for the nation’s battered economy.

Romania’s President Traian Basescu on Thursday expressed wishes to maintain good relations with China in 2012. “The foreign policy of Romania will reserve a special place to the relation with China this year,” the President told the annual meeting

The IMF has given approval for discussions on new rescue loans to Greece, the Greek finance minister said today. The International Monetary Fund has given approval for discussions on new rescue loans to Greece, the Greek finance minister said today as the country held crucial debt-cutting talks.