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To: John Graybill who wrote (36573)5/30/2000 9:28:00 PM
From: Lucretius  Read Replies (1) | Respond to of 42523
 
i like this one better -g-

Romania depositors run on bank

Prime minister tries to quell nervousness

ASSOCIATED PRESS

BUCHAREST, Romania, May 30 ? Reacting to rumors that Romania?s largest bank
was in trouble, Prime Minister Mugur Isarescu assured depositors Tuesday that it was
safe and that they would get their money back.

?I guarantee the Romanian Commercial Bank is ready to honor on time ... all demands
of its customers,?
? PRIME MINISTER MUGUR ISARESCU

BUT SOME 2,000 agitated Romanians converged for the second day on branches of
the Romanian Commercial Bank around the country, worried they might lose their
deposits as those who put their savings in a high-risk investment scheme likely will.

"Panic and unrest are harmful at such moments. I ask for your solidarity and
understanding that the moment we are experiencing will be overcome in a few days,"
Isarescu said on national radio and television.

"I guarantee the Romanian Commercial Bank is ready to honor on time ... all demands
of its customers," he said.

"At stake is the national sovereignty and ... economic stability which I will defend with
all my strength as long as I am prime minister," Isarescu said.

He suggested rumors may have been started because the International Monetary Fund
was expected on Wednesday to disburse part of a standby loan of $540 million. He
did not elaborate.

Earlier, Romania?s National Bank sold dollars to halt the slide of the national currency,
the leu.
In Bucharest, about 300 people gathered at the state-owned bank, but police
prevented most people from entering the bank. About 1,000 people gathered in Cluj
and another 200 in Brasov to withdraw deposits, the private news agency Mediafax
reported