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Moody"s: Romania needs 29 billion Euros as foreign financing in 2009

Regional - Europe

Romania will need this year some 29 billion Euros as foreign financing, representing 21.8% of its GDP, a report put up by the Moody"s evaluation agency indicates.

According to the report, called "Emerging European Sovereigns: The case for Risk Differentiation", Romania ranks second in the need for foreign financing, after Poland. Moody"s experts consider that Poland needs some 60.8 billion Euros this year, representing 18.7% of the GDP. The two are followed by Bulgaria (14.8 billions), Latvia...

Read the whole story in: HotNews