News » August, 2011 » 2 August 2011
Romanian President Says Some State-Owned Companies May Go Bankrupt
02.08.2011, 14:31 | Finance-Banks | 1019 views
Romanian President Traian Basescu said Tuesday on public radio he does not rule out the possibility of several state-owned companies to go bankrupt, adding the Government does not have to always step in and save these companies. "I don't rule out the possibility of letting certain state-owned companies go bankrupt," said Basescu, declining to give any examples and saying a list of such companies ahs not been made yet. "A list hasn't been made but the Government, unable to pay off the debts of all these companies, will have to allow creditors to cover what they are due from these companies," said the president. Read more on Mediafax.ro
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