BUCHAREST— Local elections in Moldova this weekend have strengthened the position of the incumbent government, despite allegations of corruption on a massive scale. Earlier this year, around $1 billion — about 12 percent of the country’s gross domestic product — disappeared from three Moldovan banks in non-performing loans reportedly made to people connected with the country’s political elite. Ironically, the person at the center of the scandal has now been elected mayor of Orhei. Last week’s resignation of the prime minister will also ignite fresh political battles in parliament over the creation of a new majority or governing coalition. The …read more
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