“Romania Can Never Become the China of Europe”

PeoplePoliticians ♦ Published: May 15, 2014; 00:03 ♦ (Vindobona)

Stabilization in Central and Eastern Europe (CEE) is becoming stronger. However, the political crisis in Ukraine is causing a feeling of insecurity among the population.

Recovery in CEE is mostly based on FDI. / Picture: © Vindobona.org

After the CEE region has suffered considerably from the financial crisis an upward trend now can be perceived. According to Yves Zlotowski, chief economist of credit insurance company Coface, the private sector in CEE was driven by borrowed capital in the years before the crisis. Currently, there is a tendency towards stabilization of the private sector. The end of the recession in…