Today 12 August 2020, Wensday - Last updated at ora 18:05
Abonamente

News 6 May 2015, at 10:24

Someone stole $1B from Moldova — an eighth of its GDP

Marime Font

When thousands filled the streets of Moldova's capital Sunday in the little country's largest protest in years, their complaint was pretty significant.

Late last year, about $1 billion disappeared in an apparent banking scandal that's mystified Europe's poorest country.

To put that sum into perspective, it's an eighth of the country's GDP. In United States terms, that portion of the economy would add up to more than $2 trillion.

Loading...


The money reportedly vanished in a series of murky loans dealt out last November by three major banks — one of them state-owned — to as yet unknown recipients.

Officials wised up to the scheme only earlier this year.

Investigators — including the U.S. auditing firm Kroll — are looking into the matter, but officials have kept the details quiet. And a great many Moldovans are mad about it.

They say it's symptomatic of the widespread corruption that's plagued their country since the collapse of the Soviet Union.

That's also why Sunday's protest was about more than just missing money. It drew at least 10,000 demonstrators, police said. If that sounds unimpressive, consider that there are just 3.5 million people in Moldova.

Despite the growing prominence of pro-Western politicians who pledge to pull Moldova closer to Europe, critics claim the authorities have done little to clean up corruption.

Igor Botan, a political analyst and a member of the grass-roots movement that organized Sunday's protest, believes the pro-European ruling coalition was complicit in the crime.

"Our country is a poor and agrarian country," he told GlobalPost on Monday. "But it's home to decent people who want their country to flourish, to be closer to European standards, and for it to find its economic niche alongside the European Union."

The last time protests this big rocked the capital Chisinau was in 2009. Back then, critics say fraudulent parliamentary elections helped thrust the Communist Party — which remains influential there — into power.

Some observers are wondering whether the protests can reach critical mass, just like in neighboring Ukraine.

For now, that seems unlikely.

But Moldovans are no doubt hoping a speedy and successful investigation will return their missing cash, however far-fetched that might seem. If not, that'll mean a hefty tab for taxpayers to cover.

usatoday.com

 Urmărește știrile Timpul.md pe Telegram
loading...
blog comments powered by Disqus

Din aceeaşi secţiune

Cele mai noi ştiri de azi

News 20 July 2020, ora: 10:26

How objectivity in journalism became a matter of opinion

How objectivity in journalism became a matter of opinion

In America, political and commercial strains have led to questions about its value and meaning

( ) Read all

Politics 1 July 2020, ora: 10:19

What Vladimir Putin Tells Us about His Relations with the West

What Vladimir Putin Tells Us about His Relations with the West

Putin claims the EU resolution is part of “a deliberate policy aimed at destroying the postwar world order.” The truth is less dramatic and more illuminating.

( ) Read all

News 12 June 2020, ora: 12:33

Foreign Policy New Report Exposes Brutal Methods of Russia’s Wagner Group

New Report Exposes Brutal Methods of Russia’s Wagner Group

 How a shady network of operatives serves as the tip of the spear in Russia’s global influence efforts with almost no accountability.

( ) Read all

News 3 June 2020, ora: 10:55

EU’s top diplomat says no to Russia rejoining G7

EU’s top diplomat says no to Russia rejoining G7

 The European Union doesn't think Russia should rejoin the G7.

( ) Read all

News 27 May 2020, ora: 19:30

Moldovan court facilitates attempt to expropriate European investment in Moldova’s Seaport

Moldovan court facilitates attempt to expropriate European investment in Moldova’s Seaport

 On 12 May 2020 the Chișinău Appeals Court barred Danube Logistics SRL from transferring funds to its Dutch shareholder Danube Logistics Holding BV. Danube Logistics SRL is the operator of Giurgiulești International Free Port located on the maritime section of the Danube. 

( ) Read all

News 8 May 2020, ora: 19:55

Russian city removes “untruthful” plaque commemorating thousands of Poles murdered by Soviets

Russian city removes “untruthful” plaque commemorating thousands of Poles murdered by Soviets

 On the building that once housed the local headquarters of the Soviet secret police in the Russian city of Tver, where 80 years ago thousands of Polish prisoners of war were murdered, plaques commemorating the victims of Stalinist crimes were today removed.

( ) Read all

News 6 May 2020, ora: 12:12

German court lays down EU law

German court lays down EU law

 That is the message the country's Constitutional Court sent to the European Union on Tuesday as it delivered a landmark ruling on the legality of the European Central Bank’s bond-buying programs, a decision many observers say challenges both the independence of the ECB and the...

( ) Read all

News 5 May 2020, ora: 18:55

Who’s Afraid of Boris Nemtsov?

Who’s Afraid of Boris Nemtsov?

 New developments in Prague, involving a suitcase of ricin and a diplomatic spat, suggest that Putin still is afraid—over five years after Nemtsov’s grisly demise.

( ) Read all

News 4 May 2020, ora: 13:02

Table for one? Sweden pop-up restaurant to serve solo diners only

Table for one? Sweden pop-up restaurant to serve solo diners only

The cost of a three-course meal at Bord For En (Table For One), a pop-up restaurant in Sweden opening May 10, is left to the diner's discretion. And that is diner, singular, just like the restaurant's name suggests.

( ) Read all

News 29 April 2020, ora: 17:25

South Korea fire: Dozens killed in warehouse blaze in Icheon

South Korea fire: Dozens killed in warehouse blaze in Icheon

At least 36 people have been killed in a fire at a warehouse that was under construction in the South Korean city of Icheon.

( ) Read all

News 26 April 2020, ora: 06:56

Allgemeine Zeitung The Law of the WHO, COVID-19 and the Multilateral World Order

The Law of the WHO, COVID-19 and the Multilateral World Order

 A new virus, SARS-CoV-2, emerged in the Chinese city of Wuhan at the end of 2019. Infected persons developed an atypical form of pneumonia, later known as COVID-19. The pathogen created a pandemic, with fatalities throughout the world, and also led to the adoption of restrictive measures...

( ) Read all

International 25 April 2020, ora: 10:46

As Virus Spreads, China and Russia See Openings for Disinformation

As Virus Spreads, China and Russia See Openings for Disinformation

The two powers amplify discredited conspiracy theories and sow division as they look to undermine the United States. China and Russia have both seized on the novel coronavirus to wage disinformation campaigns that seek to sow doubts about the United States’ handling of the crisis and...

( ) Read all

News 21 April 2020, at: 16:22

Washington Post Vladimir Putin has a popularity problem — and the Kremlin knows it

Vladimir Putin has a popularity problem — and the Kremlin knows it

 Opinion polls and authoritarian systems don’t go together. However professional or independent the pollster, any results are necessarily skewed as people weigh their responses — especially to questions about the regime — against potential consequences. Political scientists...

( ) Read all

News 11 April 2020, ora: 15:55

A boy from a remote Amazonian tribe has died, raising concerns about Covid-19's impact on indigenous people

A boy from a remote Amazonian tribe has died, raising concerns about Covid-19's impact on indigenous people

 The 15-year-old boy from the Yanomami indigenous tribe lived in a remote village such as this one. (CNN) A teenager from an isolated Amazonian tribe who tested positive for Covid-19 has died, raising concerns about the coronavirus' impact on the region's indigenous people.

( ) Read all

News 11 April 2020, ora: 08:03

How Will the Coronavirus Reshape Democracy and Governance Globally?

How Will the Coronavirus Reshape Democracy and Governance Globally?

 The coronavirus pandemic will likely have a transformative impact on multiple dimensions of democratic politics and on governance more broadly. Global leaders should prepare to respond quickly.

( ) Read all

News 7 April 2020, at: 10:46

 (CNN)The body of Maeve Kennedy Townsend McKean has been found by divers, police said. Members of a dive and rescue team found the body in 25 feet of water, about 2.5 miles from her mother's residence, around 5:31 p.m. Monday, the Maryland Natural Resources Police said in a statement.

( ) Read all

News 5 April 2020, at: 16:20

The novel coronavirus is most active at temperatures around four degrees above zero Celsius and gets much weaker at high temperatures, Hong Kong University scientists have found.

( ) Read all

News 5 April 2020, at: 10:48

The mother says she and her husband Vinay embraced the names after hospital staff started using them for the children.

( ) Read all

News 2 April 2020, at: 17:03

 The UK death toll for coronavirus has risen to 2,921 – up by 569 from the day before.

( ) Read all

News 2 April 2020, at: 08:06

 The governor of Connecticut delivered heart-breaking news about the COVID-19 pandemic and said an infant girl here in the state died of coronavirus.

( ) Read all
Current tier / breakpoint: xs sm md lg xl (= visible only on this breakpoint)

.hidden-xs-down .hidden-sm-down .hidden-md-down .hidden-lg-down

.hidden-xs-up .hidden-sm-up .hidden-md-up .hidden-lg-up .hidden-xl

.hidden-xs (only) .hidden-sm (only) .hidden-md (only) .hidden-lg (only) .hidden-xl (only)