CHISINAU (Reuters) - A 45-year-old businessman was named as compromise candidate for prime minister in Moldova on Tuesday after the ruling pro-Europe coalition withdrew support for Education Minister Maia Sandu amid a row over a massive bank fraud.
Moldovan President Nicolae Timofti appointed Valeriu Strelet, a deputy for the Liberal Democratic party, to form a new government after late night talks within the three-party pro-European Union alliance.
The small ex-Soviet state has been in turmoil since $1 billion (642 million pounds) disappeared from the banking system because of fraudulent lending practices, and Prime Minister Chiril Gaburici resigned in June after just over 100 days in office.
(Reporting by Alexander Tanas; Writing By Richard Balmforth; Editing by Raissa Kasolowsky)
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