ECONOMY INVESTMENTS

PM Ponta: Romania as safe as developed EU countries, with 7.8pct default risk

Prime Minister Victor Ponta asserts that Romania is as safe and economically stable as the developed countries of the European Union, just a couple of years after being in the world top 10 of default risks.
‘With good economic and social policies, we contributed to Romania’s image since May 2012. Let us remember that in 2009-2011 Romania had entered the top 10 countries with the world’s highest default risk, according to Standard and Poors. Today, with just 7.8 percent default risk, Romania is considered as safe and economically stable as the developed states of the EU,’ Ponta wrote on Sunday on his Facebook page.
He added that the International Monetary Fund thus ‘confirms that if the trend is maintained, Romania’s economy can advance past Portugal’s, Czech Republic’s or Greece’s over the next three years.’

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