Soon 1 euro = 4 ron and even more

On the long run, I am optimist about the romanian economy and its long struggle to catch up with the EU level.

On short term, dark clouds are coming! Very dark and very soon! The initial attempt of Isarescu to keep the exchange rate stable was a good thing because it had a symbolic message for the investment bankers: guys, this is not your playground! You can play, but do not ignore the fundamentals. But it's the fundamentals that will force Isarescu to let the ron to go over the level of 4 ron for 1 euro.

The euro loans are prohibitive now in Romania! The banks cannot finance such loans. And the RON loans are also prohibitive because Isarescu keeps the rates too high to reduce inflation. Soon, he will drop the rates because economy cannot survive with the current loan conditions and inflation poses no risk. When that will happen or even forecasting that, the ron will drop. We need it also because we want to cut imports and support export, we need it because the capital inflows (from investors or from romanians living abroad) will drop dramatically. There is no other chance that to let the ron drop. I try to watch it objective :)