Moldova's governing coalition struggles to stay united

Moldova President Nicolae Timofti asks Moldova’s three-party coalition government to reach consensus over corruption allegations

Photo by: Reuters (Archive)
Photo by: Reuters (Archive)

Moldovan President Nicolae Timofti and his wife Margarita cast their ballots during a parliamentary election.

Moldova’s President Nicolae on Tuesday urged the country’s three-party coalition leaders to reach a consensus among themselves after calls for the resignation of Prime Minister Valeriu Strelet.

Unrest has been rife in the country after around $1.5 billion disappeared from the banks Unibank, Banca Sociala and Banca de Economii before they were placed in administration.  A leaked parliamentary report made the claim that the money was channelled to Russian banks.

The time of the illegal transfer occurred just before the parliamentary elections in November, when pro-European and pro-Russian candidates competed against each other for seats in the Moldovan parliament.

Vlat Filat, the former Prime Minister of Moldova from 2009 to 2013, was arrested in connection with bank fraud of up to $1.5 billion on Sunday.

Moldova's central bank issued 884 million dollars to stablise the Moldovan economy following the bank scandal, but this movement did not prevent the devaluation of Moldova’s currency by 20 percent.

After former PM Filat alleged that managers defrauded the state telecom company, the country's Russian-owned gas company and a major private metal export company, the prosecutor in the case seized documents belonging to them. 

Moldova is one of the poorest countries in Europe, with the average salary standing at around $200 per month.

In 2013, the Moldovan government signed an association agreement with the EU. However, the current government does not favour the implementation of EU reforms in the near future.

TRTWorld and agencies