Bankruptcy looms for Moldova

The EU has cut off financial support to Moldova, which could soon become a failed state, former banker Frances Coppola writes in Forbes. Moldova is currently plagued by a banking crisis, which in part has caused the collapse of its pro-EU government and the rise of pro-Russian sentiments. About 75 percent of Moldova’s banking sector is Russian-owned, and Moscow may be manipulating the Moldovan financial system in order to sway Chisinau’s allegiance away from the West, Coppola states.


Read original source.