While Politicians Continue Their Fight, The Economy Takes Losses

07.09.2012 By Iulian Anghel

As politicians continue their battle that culminated on Friday night with the suspension of Traian Basescu as president of Romania, sending him to face a popular vote on whether to keep him in office or not, Romanians, companies and the economy as a whole are weighing the losses from the weakening of the leu, the increase in Romania’s risk premium (CDS) and higher interest rates on leu-denominated loans.

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Keywords:: POLITICS; , CDS; , RISK; , EXCHANGE RATE; , FOREX

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