Press Release: Commission asks Council to provide a medium-term loan to Romania as part of coordinated multilateral financial assistance

The European Commission agreed to propose to the Council to provide medium-term financial assistance to Romania of up to €5 billion. The proposed European Union loan is part of a multilateral package which will total up to €20bn. The financial assistance is conditional upon the implementation of a comprehensive economic programme to which the Romanian authorities committed to and which will, ultimately, put the Romanian economy on a sound and sustainable footing.