-
One-eighth of Moldova's GDP has gone missing
Around $1 billion dollars has disappeared from banks in Moldova, one of Europe's poorest countries. Around 10,000 demonstrators — out of a population of 3.5 million — took to the streets of Moldova this week, calling for a full investigation into a series of loans that almost brought down the country's economy and forced a bailout from taxpayers, the Independent reports. Shortly before the Moldovan elections last November, the country's three biggest banks doled out mysterious loans that between them were worth the equivalent of 15% of the country's GDP. The deals went sour and were discovered by Moldova's ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- May 7, 2015 11:53am May 7, 2015 11:53am
- traderathome
- Joined Mar 2008 | Status: PVSRA with Traderathome | 1621 Comments
- Comment #2
- Quote
- May 7, 2015 12:24pm May 7, 2015 12:24pm
- wildbill2u
- | Joined Oct 2007 | Status: Member | 282 Comments
- Comment #3
- Quote
- May 7, 2015 2:22pm May 7, 2015 2:22pm
- glenngie
- | Joined Nov 2009 | Status: Member | 1323 Comments
- Comment #4
- Quote
- May 7, 2015 4:09pm May 7, 2015 4:09pm
- spike00spieg
- | Joined Mar 2011 | Status: Member | 159 Comments