| Headline: When the world doesn’t need you Source: Euromoney Date: April 2001 Author: Chris Cockerill The Romanian government, many observers reckon, is playing a game of bluff. The IMF is told tales about privatization and restructuring while the populace is fed sops. The government, meanwhile is mired in inaction. Investors aren’t going to rush into such a market until they are offered deals that are sufficiently attractive to outweigh unexpected risks.
Unlike in Poland, where the early decision to submit to shock therapy has paid off, Romanian politicians seem unable to overcome the conflict between popular domestic demands and election-winning manifestos on the one hand and meeting the demands of the IMF and the EU on the other. Now, four months after Romanians woke up to a new government, there are those who feel it could be experiencing yet another false dawn. | |||||||||||||||||||||||||||||||||||||||||