Well as I’ve written about before, the Pig Man and the Daddy Isarescu had big plans for Romania in 2012 with the first step to be selling off equity shares (or the entire company) of some of the last of this country’s state-owned firms. The first one on the block was Cupru Min (literally “Copper Mining”), a company that has rights to several large copper … Continue reading The Ballad of Cupru Min
Well the unsleeping eye picked up a new report (PDF) about just how Romania is doing in terms of making the IMF happy. You can certainly click on the link and read the entire thing, acronym and jargon-filled as it is, but if you want to save yourself some time I’ll sum it up for you in one sentence: “Damn we’re so awesome for lending … Continue reading Did We Mention How Awesome We Are?
All day I’ve been wracking my brain, trying to see if there was any way to prove if what Ion Stan said was right or wrong. Essentially he is stating that the IMF is deliberately undervaluing Romania’s GDP by 20% in order to induce politicians (and economic “experts”) to take on IMF loans. Well there’s no way to prove something definitively, especially as I sure … Continue reading Was Ion Stan Right?
Well it’s Monday which means time to put watching old TV shows on the back burner for a bit and do some serious work. Through some research, I came across a statement from an old PSD heavyweight politician from Targoviste and noticed it had been receiving very little attention in Romania and zero attention in the English language media. If you speak Romanian, I recommend … Continue reading Economic Assassins
I think sometimes the source of our bitterest sorrow comes from those whom we once trusted and let into our minds (and yes, even our hearts) but then betrayed us. I certainly intend to post some “lighter” fare in the immediate future but before I turn and take a rest, time for one last dance (at least for now) with the topic at hand – … Continue reading The Heavy Heart of Betrayal
All Things Romania 