Bloomberg News

Romanian Yields Rise on Crisis, Turmoil, Sporis Tells ZF

July 10, 2012

Romania’s domestic borrowing costs rose “slightly” in the past few weeks pushed up by the European sovereign-debt crisis and political tensions in the country, Ziarul Financiar reported today, citing Deputy Finance Minister Cristian Sporis.

Sporis reiterated that the Finance Ministry frontloaded the borrowing program in the first half of the year, when it benefited from record-low yields, according to the newspaper. He also said the liquidity structure of the banking industry pushed borrowing costs higher on the domestic market.

To contact the reporter on this story: Irina Savu in Bucharest at isavu@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


Race, Class, and the Future of Ferguson
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus