Tuesday, December 07, 2004

Interesting Article

"Along with and in consequence of its economic disadvantages, Romania has been plagued by public corruption -- Transparency International estimates that people spend 10 percent of their earnings on bribes -- and a slow pace of market reform. Its politics have been dominated by the successor of the Communist Party -- the Social Democratic Party (P.S.D.) -- which was led by Ion Iliescu, who has been president of Romania for eleven of the last sixteen years. Under Iliescu, the former Communist elite benefited from privatization of state industries and kept control through a support base in the impoverished peasantry that feared even worse immiseration if the meager social safety net were to be removed by market reformers."

(http://www.pinr.com/report.php?ac=view_report&report_id=241&language_id=1)


4 Days to go....

- C

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