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Moldova's authorities say President will not resign despite protests

September 08, 2015, 6:28 UTC+3 CHISINAU
The actions of protest over a banking fraud in the amount of $ 1 billion broke out in Chisinau on Sunday
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© AP Photo/Vitalie Plotnic

CHISINAU, September 8. /TASS/. President Nicolae Timofti of Moldova will not resign contrary to the demands issued by participants in the ongoing protests against governmental policies in the center of Chisinau, Ion Paduraru, the chief of the presidential administration staff told Ziarul National newspaper.

"The President's resignation is not public interests or the country's interests," he said. "President Timofti won't resign".

The actions of protest over a banking fraud in the amount of $ 1 billion broke out in Chisinau on Sunday. Their organizer, a new public movement calling itself the Dignity and Truth Civic Platform (Moldovan Acronym DA) speaks in favor of the country's European integration.

Although the incumbent Moldovan government espouses the same objective, the two political forces have largely different views of the process of integration in the EU.

The protesters' demands, which include the resignation of the President, the cabinet of ministers, the heads of law enforcement agencies and the appointment of an early parliamentary election, spin around the disappearance of $ 1 billion from the national banking system.

The latter brought about a sharp depreciation of the national monetary unit, the leu, pushed the inflation rate up and depressed the already constrained living standards.

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