Traian Basescu: There were some problems, but IMF agreement was finalized

President Traian Basescu said, on Tuesday, at the start of the meeting with the Director General of the International Monetary Fund, Christine Lagarde, that, although there were a few problems, the IMF agreement was finalized.

„We managed to complete the second agreement with the IMF. To be honest, there were some problems, but with goodwill of all, the agreement was finalized. Now, we need to start a new one. I’ll be direct. Initially, the European Commission was not too much in favor of a new agreement, simply because they do not have such regulations on countries in case of which the excessive budget deficit cannot be applied – you know the problem … but we managed to have an understanding with the European Commission, we can now continue „, the President said at a meeting at Cotroceni Palace.

The Director General of the International Monetary Fund is paying a two-day visit to Bucharest. Christine Lagarde had, on Monday, a meeting with Prime Minister Victor Ponta, at Victoria Palace.

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