Romania's president stops planned $161M loan to Moldova
Not 'opportune' if Moldova wouldn't continue pro-Eu reforms
09 November, 15:46President Klaus Iohannis on Monday sent back the bill for the five-year loan to Parliament, saying the financial aid was not "opportune" without a guarantee that Moldova would continue pro-European reforms.
The loan agreement was signed in Moldova on Oct. 7, initiated by Victor Ponta, who resigned as Romania's prime minster last week after mass protests over a nightclub fire.
Moldova's Parliament dismissed its government on Oct. 29 after a former prime minister was arrested over bank fraud.
The country has been mired in political instability since up to $1.5 billion went missing from three banks ahead of November 2014 parliamentary elections. (ANSA-AP).