World Watch
EUROPE</br></br>Romania Mulls</br></br>Delaying Key Sale,</br></br>Raising Concerns</br></br>After making a broad commitment to move ahead quickly with the sale of hundreds of state-owned companies, Romania is now signaling that the auction for a 35% stake in RomTelecom could be delayed by weeks or even months. While such a delay wouldn't ordinarily be a big deal, postponement of the sale of the phone monopoly in the former communist country could make foreign investors uneasy. That's because the process is being closely watched by international financial institutions as an indication that Bucharest is serious about its commitment to reforming the economy.