Romanian Government Replaces Banks As Short-Term External Debt Driver

08.16.2011 By Claudia Medrega

The Romanian government doubled its short-term external debt in the first half of the year to over EUR3 billion, triple compared to last summer, while banks’ indebtedness rose by just EUR360 million compared to December 2010, to EUR7.4 billion.

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Keywords:: EXTERNAL DEBT; , CURRENT ACCOUNT; , BANKS; , CAPITAL INFLOWS; , OUTFLOWS

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