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The credit boom has „markedly increased the risk of widespread defaults“, although the heightened vulnerability from the state’s banking technique is cushioned by the fact that international-owned economic establishments can trust in the assist of their western dad and mom, says the writer. Klett warns that the inflow of imports attributable to the investment and consumption boom has brought about a growing current account deficit, hitting double digits in 2006. He predicts that it's going to reach 15% in 2008, hampering „hitherto pretty prosperous“ endeavours to control inflation. The writer statements Romania is owning problems fulfilling all the necessities with the EU’s acquis communautaire
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