Romania accuses Austrian banks of foul play

Rules by Austrian regulators limiting lending to eastern European countries are a "mistake" and lack "fair play" after Austrian banks made "huge profits" in the region, Romanian President Traian Basescu said in a speech in Bucharest on Thursday (24 November).

To protect its own triple-A credit rating, Austrian regulators earlier this week instructed three of the country's major banks to boost capital reserves and limit...