Romania vows moratorium on shale gas extraction

Romania's new left-leaning government has pledged a moratorium on shale gas exploitation and will review a controversial Canadian plan to build Europe's largest open-cast gold mine.

Prime Minister-designate Victor Ponta also said he will respect commitments to the International Monetary Fund and increase public sector wages that were slashed by 25 percent in 2010 to meet the terms of a €20 billion($26 billion) IMF-led loan.

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