MICULA AND OTHERS V. ROMANIA: INVESTOR PROTECTION AT THE EUROPEAN COURT


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The Lusinchi governing administration’s financial guidelines did small greater than soften the influence of external forces. By 1988 Yet another drastic drop in world oil costs had Reduce government cash flow in 50 %, and payment on the international debt—which Lusinchi had ongoing as scheduled—turned ever more difficult. In December of that

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