Romania offers Moldova $60 million loan to spur reforms

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BUCHAREST, Romania (AP) — The Romanian government has offered Moldova a loan of 60 million euros ($65 million) to prevent economic collapse in the impoverished ex-Soviet republic.

But Romanian Prime Minister Dacian Ciolos said Tuesday that Moldova will have to fight corruption and make other reforms if it is to get the money.

Ciolos made the announcement during a visit by Moldova’s Prime Minister Pavel Filip.

Moldova, a small country wedged between European Union-member Romania and Ukraine, is Europe’s poorest nation. It Moldova has been riven for months by political turmoil sparked by the disappearance of more than $1 billion from three Romanian banks, fraud in which a former prime minister, Vlad Filat, has been implicated.

Moldovans furious at corruption have been waging protests recently, even storming Parliament earlier this month.

A child walks by a poster that reads "We want our country back" placed outside the government building, where protesters are camping outside for more than one year, in Chisinau, Moldova, Monday, Jan. 25, 2016. More than 15,000 people held an anti-government protest Sunday in the Moldovan capital to demand an early election in the impoverished Eastern European nation, an action that comes after demonstrators stormed Parliament last week as lawmakers approved a new pro-European government.(AP Photo/Vadim Ghirda)
A child walks by a poster that reads „We want our country back” placed outside the government building, where protesters are camping outside for more than one year, in Chisinau, Moldova, Monday, Jan. 25, 2016. More than 15,000 people held an anti-government protest Sunday in the Moldovan capital to demand an early election in the impoverished Eastern European nation, an action that comes after demonstrators stormed Parliament last week as lawmakers approved a new pro-European government.(AP Photo/Vadim Ghirda)

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