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