Bloomberg News

Romanian President Warns Turbulence May Spark Capital Flight

November 16, 2012

Romania risks having net capital outflows should it enter a new period of political turbulence, President Traian Basescu said.

The Balkan nation, which forecasts about 3 billion euros ($3.8 billion) in capital inflows this year, saw higher-than- expected capital flight during the summer after a government-led effort to suspend the president failed, Basescu said during a televised speech from Bucharest today.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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