Cum duduie economia romaneasca

March 4, 2009 · Bagat la Blegisme 

Asta e un articol cinstit, deontologic, total copy/paste.
Toata lumea, de la presedintele tarii la nea Vasile de la cazane, STIE ca pe noi nu ne atinge criza, noi fiind mai cu stea in frunte si mot in crestet decat restul lumii.
Ia sa vedem ce zice “restu’ lumii”:

NEW YORK, Oct 27 2008 (Reuters)

– Standard & Poor’s cut Romania’s foreign currency credit rating one notch to ‘BB+’, putting it back at junk status with a negative outlook, citing a lack of policy actions to counter mounting economic risks from overly high credit leverage.

BUCHAREST, February 25 2009 (FT)

The governor of Romania’s central bank has said a blanket recapitalisation of troubled banking groups is not what his country needs…
Asked about the Austrian government’s calls for a region-wide support package, Mr Isarescu told the Financial Times: “When [Austrian finance minister] Josef Prll visited Bucharest, I told him . . . that a global approach of subsidising all the Austrian subsidiaries would not be good for Romania because our banks are already very well capitalised

Feb. 25, 2009 (Bloomberg)

Romanias government will seek loans from abroad to help finance the planned 2009 budget and current- account deficits, Finance Minister Gheorghe Pogea said. We will take an external loan, Pogea said on the sidelines of a seminar in Bucharest today. He gave no further details and didnt say where the state will seek the loan
Deputy Finance Minister Bogdan Dragoi said last week that the government plans to finance 30 percent of the planned 2009 gap, or as much as 4 billion euros ($5 billion), from foreign borrowing this year.

BUCHAREST, Feb. 25 (Xinhua)

Romania must raise the country’s rating in order to bolster the economy in the wake of a 5.2-percent budget deficit in 2008, Prime Minister Emil Boc said Wednesday.
“Because of the budget deficit of the previous year, the financing possibility is low and costs a lot. Everybody is waiting to see very clear and firm measures from a stable government,” Boc said.

BUCHAREST February 26, 2009 (AP)

The head of Romania’s central bank said Thursday his country will ask the International Monetary Fund and the European Union for loans to help it fight the economic crisis…
The IMF warned earlier this month that Romania could slide into recession this year as its economic vulnerability has been raised by high trade and fiscal deficits…
The Romanian national currency, the leu, has lost about 20 percent of its value in the past year. Unemployment is set to grow to more than 5 percent this year, the government predicts, with thousands of layoffs in the automobile and other industries…

Feb. 26, 2009 (Bloomberg)

Romanias government may seek a package of loans from the European Union, the International Monetary Fund and other organizations to ease the worst effects of the global financial crisis, the central bank governor said…
Isarescu said Romania may also seek loans under existing agreements with the World Bank, the European Bank for Reconstruction and Development, and other lenders. He gave no amount for the loans being sought…

Fri, Feb 27 2009

“We have negative outlooks on all emerging southeast European sovereigns and are monitoring them closely,” said Marko Mrsnik, S&P’s London-based credit analyst who covers Romania, Bulgaria, Serbia and Bosnia-Herzegovina….
…Last autumn, Romania had its rating slashed to BB+, below investment grade

BUCHAREST, Feb 27 2009 (Reuters)

– Standard & Poor’s, the first agency to downgrade Romania to a “junk” rating, warned on Friday that Bucharest’s stringent fiscal plans may be threatened by social pressures and unrealistic expectations of economic growth…
…forecasts the economy will shrink 0.8 percent this year, compared with a previous estimate of 0.8 percent growth, largely due to a deterioration in the external environment…
Romania and Latvia are the only European Union members rated below investment grade. Romania is expected to follow the Baltic state’s example and seek an aid package from international institutions, including the IMF.

Feb. 27, 2009 (Bloomberg)

Romania needs 10 billion euros ($13 billion) in external financing this year to cover its current account and budget gaps, central bank adviser Eugen Radulescu said…
Radulescu, an adviser to the governor, also said in an interview with the Money Channel in Bucharest that a 24.5 billion-euro aid package for eastern Europe announced today by various lenders would only cover part of the regions needs.

BUCHAREST, March 2, 2009 (Reuters)

- Romania’s centre-left government has kept its 2014 deadline for joining the euro in a convergence report sent to Brussels, hoping it will give it enough time to enforce much needed reforms…
The world crisis has made many European Union countries more eager to join the single currency, now shared by 16 nations, because of the exchange rate stability it offers…
Many economists see Romania as among the most vulnerable in the EU because of its vast current account deficit, which means many foreign investors have long fled its markets, leaving the leu trading near record lows to the euro.

BUCHAREST, March 2, 2009 (Reuters)

– Banca Transilvania, Romania’s top locally-owned lender, called on Monday for government guarantees of its funding needs in euros to help it compete with foreign-held banks that have benefitted from state aid
Analysts increasingly warn that central and eastern European banks may need billions of euros in additional cash to avoid a crisis, because of heavy external borrowing and dependence on outside credit lines.

BUCHAREST, March 2, 2009 (Reuters)

- Romania has started preliminary talks with the International Monetary Fund on a funding deal to help patch up its vast trade deficit and finance budget spending, a source clost to the talks said on Monday…
Government officials say short-term financing needs amount to up to 10 billion euro ($12.62 billion), stemming mostly from corporate sector debt…
Romania is seen as one of the EU’s most vulnerable economies because of its large hard currency debt and trade deficit.

BUCHAREST, March 2, 2009 (Reuters)

- The Romanian central bank’s hard currency reserves, excluding 103.7 tonnes of gold, fell by 92 million euros ($116 million) to 25.9 billion euros in February, signalling possible central bank intervention to prop up the leu…
The leu has fallen sharply against the euro this year in line with other regional currencies, as investors fled local markets on fears of deep economic problems and a potential financing crisis in Romania.

BERLIN, March 3, 2009 (Reuters)

– Germany confirmed on Tuesday that Romania was in talks over an International Monetary Fund loan amid concerns it will be the next of eastern Europe’s teetering economies to need bailing out in the global credit crunch. Bucharest has yet to admit to having approached the global lender regarding a loan, although the IMF has said a Romanian team was in Washington for discussions on economic developments. Sources told Reuters on Monday aid was on the agenda
Without at least several billion euros in aid, economists warn, the relatively poor Black Sea country may plunge into a payments crisis that would hit its currency, destabilise the economy and likely ripple out to its regional peers…
The Romanian government’s spokeswoman declined to comment.

BERLIN, March 3 (Reuters)

Romania is assessing its options on securing external financial support, looking at both International Monetary Fund and European help, Foreign Minister Cristian Diaconescu said on Tuesday. Diaconescu spoke to Reuters in Berlin after Germany’s foreign minister confirmed Bucharest was in talks with the IMF to secure aid as it faces up to liquidity problems due to its reliance on external financing in the global credit crunch.

BUCHAREST, March 4, 2009 (Reuters)

Romania’s economic growth sank threefold to 2.9 percent on the year in the fourth quarter of 2008 as the global crisis deflated consumption and industry, raising the need for foreign rescue aid. Data showed on Wednesday that consumption, the main driver of Romania’s buoyant expansion in recent years, fell 2.8 percent on the year in Q4 after growing 13.8 percent in Q3 as consumers and companies struggled to finance spending. Industry was down 7.7 percent, depressed by tumbling demand from the euro zone that has bitten into central and eastern economies in recent months, forcing many manufacturers to halt production temporarily and lay off workers.

PRAGUE, Wednesday March 4, 2009 (AP)

Five Eastern European central banks issued a joint statement Wednesday in defense of their financial systems, saying reports the region’s banks were in trouble were “simplified and misleading.”
The statement called talk of bank troubles speculation and said it was “often simplified and misleading and could have negative implications for banks operating in these countries.”
Last month, credit ratings agency Standard & Poor’s said “all the ingredients for a crisis are in place” in Eastern Europe because of rising government debt and a heavy reliance on foreign lending
Credit ratings agency Moody’s also said recently that faltering economic conditions in Eastern Europe will continue to hit local subsidiaries of major Western banks, which could spill over to their corporate parents, primarily in Austria, Italy, France, Belgium, Germany and Sweden.

Asa, deci. Noi n-avem treaba, ne doare la basca; mai facem o excursie in America, sa ne luam ceva camere digitale si poate discutam si de un imprumut, ceva, sa fie masa bogata. Americanii oricum arunca cu trilioanele, de ce sa nu ciupim si noi cateva bilioane? Daca tot se da, nu e mai bine sa ne asezam la inceputul cozii?
Romania, tara mea, valoarea mea, banii mei, fara numar, fara numar…



3 Comentarii to “Cum duduie economia romaneasca”

  1. cti97 on March 5th, 2009 3:42 pm

    deci e cazul sa emigram ? sau sa ne retragem in munti ?

  2. Blegoo on March 6th, 2009 1:50 am

    Bai... nu stiu. Dar vaz ca americanii se cam duc la vale cu voiosie, cum ar zice Arhi:

    WASHINGTON (AFP) The US government is warning banks that its deposit insurance fund could go broke this year as bank failures mount.
    The head of the Federal Deposit Insurance Corporation, Sheila Bair, in a letter to bank chief executives dated March 2, defended the FDIC's plan to raise fees on banks and assess an emergency fee to shore up the fund and maintain investor confidence.
    Bair acknowledged the new fees, announced Friday, would put additional pressure on banks at time of financial crisis and a deepening recession, but insisted they were critical to keep the insurance fund solvent and protect.
    "Without these assessments, the deposit insurance fund could become insolvent this year," Bair wrote.
    The FDIC chief said in the letter that the rapidly deteriorating economic conditions raised the prospects of "a large number" of bank failures through 2010.
    "Without substantial amounts of additional assessment revenue in the near future, current projections indicate that the fund balance will approach zero or even become negative," she wrote.
    The FDIC last Friday announced it would impose a temporary emergency fee on lenders and raise its regular assessments to shore up the rapidly depleting deposit insurance fund that insures individual customer deposits up to 250,000 dollars.
    A week ago the FDIC reported a sharp depletion of the deposit insurance fund in the fourth quarter due to actual and anticipated bank failures, to 19 billion dollars from 34.6 billion in the third quarter.
    The FDIC said it had set aside an additional 22 billion dollars for estimated losses on failures anticipated in 2009.

    Si asta e de azi... :(
    Pana se mai cacaie romanii daca sa ceara sau nu, se termina dolarii la pravalie... vad eu.

  3. BlegooPR on March 6th, 2009 6:24 pm

    Cel mai indicat e sa ne retragem la tara, sa cultivam morcovi si sa crestem oi. Tataia deja face astea de o viata, cred ca e cazul sa ma dau bine pe langa el sa imi lase oile mostenire.