This article explain the hardships that Romania has been going through regarding the constant governmental failures that have been plaguing the country. The most recent area for concern deals with dubious firms selling under the market price in return for huge bribes. The author notes that one specific example of this comes from sales of shale- gas to Chevron (the American energy giant). Multiple other corruption based scandals similar to this in the past few years have brewed feelings of uncertainty for the European Union. Romania was accepted to the Union 5 years ago, and just last year was lend 5 billion Euros to stimulated it's economy. Scandals like this must cause huge concerns for the EU who's countries are for the most part struggling. Corruption and government failures not only hinder Romania's economy, but the world at large.
http://www.economist.com/blogs/easternapproaches/2012/04/romanian-government-falls
1 comment:
I think that Romania was accepted to EU prematurely. The country has always been lagging behind, even under the socialist regime. It has a lot of internal problems and in my opinion, it was a mistake to accept it into the union so early. I think, that Eu should offer ultimatum to Romania to force it apply stricter regulations and start fighting corruption on the large scale. However, with the euro crisis, Greece and many other issues, it is probably one of the last of EU's concerns right now
Post a Comment