BUCHAREST, Romania (AP) — Romania needs to borrow almost €6 billions ($7.9 billion) next year to cover its budget deficit and plans to sign a new deal with the International Monetary Fund in 2011 to shore up the ailing economy, President Traian Basescu said.
On Wednesday, at least 10,000 protested in Bucharest against wage cuts and other austerity measures, authorities said. Angry protesters were demanding the government increases salaries to the 2009 level and stop layoffs of public workers.
They yelled "Down with Basescu!" and marched through downtown Bucharest, blocking traffic.
Marchers sang the national anthem, which urges Romanians to rise up against oppression, …
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