EnglishPolitical risk lingers in Romania, says Nouriel Roubini in a post on his blog quoted by Forbes. Roubini reviewed the economic status of Iceland, Latvia, Ukraine and Romania, countries which are highly vulnerable.
Discussing Romania, Roubini notes that "even though the elections are over and the political storm has calmed, political risk remains. The IMF agreement appears back on track after a bout of political volatility in late 2009 threatened to derail the program. Still, it would be premature to think everything is going to be all right. The governing coalition holds a fragile majority in the Parliament, meaning its support is very fragile".
A new bout of political turbulence could still happen, Roubini explains. The economist remains skeptical on the fate of the next tranche of the loan. "The tranches of the international loan, are scheduled until March 15th, 2011, meaning a new flare-up of political turbulence could delay or halt future loan disbursement", Roubini concluded.
Euro
Dolar SUA
Franc elveţian
Liră sterlină
Gram de aur
