Romania (Inequalites In The EU) Flashcards Preview

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Flashcards in Romania (Inequalites In The EU) Deck (11):
1

What happened in the 1970s?

Borrowed heavily from the west to build industry base

2

What happened in 1989?

Paid off all debt(£10.5bn) by:
•stopping vital imports
•food and fuel was restricted
•govt. exported everything it could

3

What did the events of 1989 mean?

A ruined economy

4

What happened Christmas Day 1989?

Causescu's executed

5

What happened in 2007?

Became EU member

6

When did Romania become an EU member?

2007

7

What happened in the 1990s?

2 recessions

8

What did the 1990s lead to?

Lowest GDP per Capita in the EU

9

What affected population and economic growth?

Poor health and education

10

What did the IMF have to do?

Give $27billion in aid

11

What happened in WW2?

Communist and neglected food production