EnglishPortugal, Italy, Ireland, Greece and Spain currently make up the group that economists dubbed PIIGS, an acronym which indicates that these five countries have excessive deficits and endanger the European economy.
The current economic woes of these countries have caused the reduction of their trade with other countries in the European Union, and implicitly with Romania. Romania"s imports from Ireland have increased 51.1% YOY in the first eleven months of 2009, while imports from Portugal, Italy, Greece and Spain have decreased 27.25%.
Romania"s exports to Portugal and Spain have increased, while in the case of Italy, Ireland and Greece, they have decreased by 15.6% on average.
Early data from the Romanian Central Bank indicates that direct foreign investments amounted to 4.89 billion Euros last year, half of 2008"s numbers.
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Dolar SUA
Franc elveţian
Liră sterlină
Gram de aur
