When talking about the public debt and external debt of Romania we have to face a twofold truth. First: the public debt of Romania is rather low, by both interational and European standards. The same is true, second, for external debt. On the other hand, newspapers all over the world report currently that Romania is in danger of national bankruptcy and might need external help to avoid default. The International Monetary Fund, IMF, and the EU are said to be the fitting institutions in this regard. Joaquin Almunia declared already that the EU is ready to assist Romania with a loan if needed to avoid national insolvency. So, the question is, how comes, that Romania seems to enter again into financial troubles? Is it all the fault of the financial crisis?

Category : 2009 | Crisis Romania | Economy of Romania | News | Politics of Romania | Blog