Friday headlines: new GDP drop scenarios, Brussels says banks can reduce exposures, WB recommends international financing

Romanian media

New round of talks with IMF starts from 0.5% GDP decline scenario in 2011 – in Ziarul Financiar Romanian shops no longer give fiscal receipts to make food cheaper– in Ziarul Financiar iFond brings FP shares to the Stock Exchange sooner – in Ziarul Financiar Four banks have 33 million euros to recoup from insolvent Impact – in Ziarul Financiar 100 wind project have contracts with Transelectrica – in Ziarul Financiar Brussels verdict: Large foreign banks could reduce their exposure by 5 percent – in Ziarul Financiar Romanians get loan from loan sharks and don't save money in the bank – in Gandul Govt and Bechtel will sign a financing agreement for highway in August – on Dailybusiness.ro Pauna, World Bank: A financing from international institutions is recommended – on Wall-street.ro EBRD: Romania will have the poorest economic performance in the region this year – on Hotnews.ro

International media

ECB chief calls for global tightening- in the Financial Times Nokia chief calls for end to exit rumours - in the Financial Times Swiss aim to steal EU stress test thunder- in the Financial Times Blackstone buy-out fund hits $13.5bn- in the Financial Times Microsoft profit beats Street but stock unmoved- onReuters Kosovo independence declaration deemed legal - onReuters GM to buy AmeriCredit for $3.5 billion - onReuters Wipro profit up 31 pct to $284M on strong demand - on The Associated Press