The study focuses on the analysis of Romania’s public debt over the last 100 years, on three distinct historical … overindebtedness costs and/or, paradoxically, by those of debt liquidation. The paper highlights the main causes of the public debt … that, in terms of debt sustainability, Romania had, in most of the time, an excessive indebtedness degree, accentuated by …

communist period in Romania, both internally and internationally, focuses on exploring the 1980s external debt crisis context … payments crisis, which resulted in the renegotiation and rescheduling of their sovereign debt. In the case of Romania, the … external debt crisis triggered in 1982 has been aggravated, in an extremely severe manner, by overlapping internal …

-crisis period, the public debt-to-GDP ratio currently reaching around 40%, thus doubling as compared to 2008. The structural … analysis of government debt portfolio highlighted the main drivers of excessive public indebtedness and the increase in … and long term. Several indicators of Romania’s debt sustainability are already on the warning levels edge which requires …

of the accelerated increase in Romania’s external and internal debt during the transition period, enhanced by the effects … international debt sustainability standards, adjusted for Romania, the country has reached an excessive indebtedness degree in the …’s financial position and ensuring the external and internal debt sustainability. …