Crisis in Italy and Spain will stop flow of foreign remittances - Azi

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Economic problems in Italy and Spain, where more than 1.

5 million Romanians legally work, could cause a drastic decline in foreign currency inflows, which help to finance Romania"s foreign deficit.The signs of a slowdown in the amount of money sent back home by Romanians abroad became visible at the beginning of the year, and NBR"s statistics in May recorded stagnation compared with the same time last year, worth some 2.17 billion euros.In May 2007, the transfers from Romanian workers abroad...

Read the whole story in: Ziarul Financiar