public debt
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Romania's public debt leaps by 11bn euros in 2010
Romania's public debt continued to rise last year at a fast pace of 31.6%, amid massive state borrowing, and reached 194 billion RON (46 billion euros), accounting for 38% of GDP.
How Treasury will finance next year's public debt
The overall public debt service will climb to 55.5 billion RON (around 13 billion euros), 12% above this year's level, according to estimates of the Finance Ministry, amplifying the state's...
Over a quarter of public debt is owed to 22 banks
The Romanian state had an 11.5 billion-euro debt to 22 European banks at the end of March, most of which from Austria, France, Greece, and Italy, accounting for 28.5% of the public debt regi...
State foreign debt costs climb to 788m euros in H1
The NBR has to make payments of instalments and interest rates on the foreign public debt worth almost 788m euros in the first half of 2010, with the sum being 21% higher than the one of the...
The Good and the Bad
I will begin with the bad. On current trends we are doomed. If Romania maintains the current rate of growth in its public debt, we will, within two to four years, hit the same brick wall tha...
Barclays: Beware of spiralling deficit and public debt
The budgetary deficit-deepening trend is a reason for concern, and Romania needs tough measures to avert a “debt spiral”, state the analysts of Britain's Barclays group.