Moldova approves pro-European gov't amid uncertainty

AP News
|
Posted: Feb 18, 2015 12:34 PM

CHISINAU, Moldova (AP) — Moldova's Parliament has approved a minority pro-European government relying on the support of the Communists, as economic turmoil caused the currency to plummet.

Lawmakers on Wednesday approved the government led by Prime Minister Chiril Gaburici, a 38-year-old businessman, following a failed vote last week for another prime minister.

Moldova held elections on Nov. 30 but the pro-European parties failed to agree on key government positions.

This week, the Moldovan currency lost a quarter of its value, leading to closed shops and growing gas station lines. National Bank governor Dorin Dragutanu said the leu's plunge was caused by greater demand for hard currency and a 3 percent drop in remittances and exports in the last year. The banking system is in crisis due to suspicions of money laundering at three banks.