To much bad loans for Romania

A very large budget deficit. The beginning of 2010, Romania is at the verge of bankruptcy, budget deficit amounted to 9.1% of GDP. These impressive "hole" Caulking was necessary to borrow 11 billion euros. At that time the country had to take anti-crisis measures, also known as "belt tightening policy." The International Monetary Fund has received another loan, which helped to reduce the deficit to 6.8% of GDP, but that would be fully eliminate the deficit, the government had not yet 8, 4 billion. 2010 year-end budget deficit amounted to 23.3 billion in leu (the critical threshold of 28.2 billion leu). the Prime Minister of Romania, Emil BOC believes that this is a pretty good indicator that gives confidence. The majority of the population with him emphatically disagrees. Experts forecast also pessimistic: while in 2010 the IMF had received 20 billion loan, failed to eliminate the budget deficit.

The huge growth in domestic debt. If in 2001, Romania was the only owes 2.6 billion dollars this year, 2010 - 78 billion euros. And plus another 20 billion that was borrowed from the IMF during the year 2010. It is in Romania during the year managed to increase its domestic debt, 32.5%. Direct investment in real sector of the economy only grew by 14%, while investments in the share capital increased by only 10%. Everything else was just wasted. Domestic credit reduction, to put it mildly, is difficult. If during the past 2004-2009 years, the domestic debt, issued from 150 to 450 million euros a year, just over 2,010 years, has paid 788 million euros. But the most difficult time ahead. Up to now, have been paid only a percentage, but starting from the year 2013 Romania will have to repay, and loans: in 2013 - 5.2 billion and in 2014 - another 4.3 billion euros. Provided that Bucharest did not borrow further than one euro.