"Solidarity" and Economic Crisis

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During the year 2009, Romania’s current account deficit might lower at 6-7 billions euro which announce a painful restriction for the private sector. This restriction (8 percent of GDP) is caused by the fact that companies cash no more from abroad and are not allowed anymore internal financing. Accusing the banks does nothing but to stimulate Romanian debtors not to pay their debts which mean more problems for the banking system. Meanwhile solutions must be undertaken by reforming the public sector.

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