Romania's blood-for-bonds program is one of the world’s most unusual debt-financing campaigns, offering donors a souped-up interest rate of 7% for taking part.
The scheme is part of a global trend of governments finding creative ways to encourage ordinary citizens to buy bonds and help ease heavy debt burdens. Read more:
📷: Eduardo Parra/Europa Press/Getty Images
Romania’s FM says her country’s GDP has grown tenfold since declaring independence from Russia
There’s just one thing: Romania was never part of Russia, or even the USSR.
Historical ignorance really must be bliss.
Romania’s officials in charge of debt management told investors the country will likely scale back its eurobond issuance plan for this year as it boosted borrowing on the domestic market
Romania detained a Russian citizen suspected of spying on military sites for an alleged sabotage operation, as European allies of Ukraine accuse Moscow of intensifying a hybrid campaign across the continent