Romania would last two quarters without IMF and EU money, says BoFA Merrill Lynch

Romania would last only two quarters with the money it currently holds, if it were to cancel the agreement with the International Monetary Fund and the European Commission on account of a political crisis, according to the Bank of America-Merrill Lynch analysts, quoted by The Money Channel. The estimation takes into account a 40 percent rollover rate for Romania's current mature debt. The Bank of America-Merrill Lynch expects a new agreement with the IMF and the EU to reach EUR 5 billion. Romania could get an additional EUR 2 billion from the remaining privatizations and up to EUR 3 billion from issuing eurobonds. editor@romania-insider.com