Romania (Inequalites In The EU) Flashcards
1
Q
What happened in the 1970s?
A
Borrowed heavily from the west to build industry base
2
Q
What happened in 1989?
A
Paid off all debt(£10.5bn) by:
•stopping vital imports
•food and fuel was restricted
•govt. exported everything it could
3
Q
What did the events of 1989 mean?
A
A ruined economy
4
Q
What happened Christmas Day 1989?
A
Causescu’s executed
5
Q
What happened in 2007?
A
Became EU member
6
Q
When did Romania become an EU member?
A
2007
7
Q
What happened in the 1990s?
A
2 recessions
8
Q
What did the 1990s lead to?
A
Lowest GDP per Capita in the EU
9
Q
What affected population and economic growth?
A
Poor health and education
10
Q
What did the IMF have to do?
A
Give $27billion in aid
11
Q
What happened in WW2?
A
Communist and neglected food production
