Tuesday, December 12, 2006
In the spirit of my post last night about Pakistan, here is a PDF about Romania which is trying to get into the EU and then the EMU further down the road. The report notes some genuine obstacles to overcome with various imbalances and inflation but what it interesting is that the currency, the Leu (which is difficult to chart), is up 23% against the US dollar in the last two and half years. Oops.
Posted by Roger Nusbaum at 9:35 AM