Debt ridden Romania asks for bail-out -March 11-09
12th March 2009 |
Romania has become the latest European country to ask the European Union and the International Monetary Fund to bail it out of financial mess.
The move is a turnaround from only months ago when the Romanian economy was the fastest-growing in Eastern Europe.
Now, with unprecedented levels of debt, it is set to ask for as much as $25bn.
Alan Fisher reports from Bucharest, the capital.