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Ziarul Financiar - Romania | Tuesday, June 30, 2015

Grexit would be a signal to Romania

20 years ago many in Romania saw Greece as a model for development. But if Greece exits the Eurozone it would come as a bitter lesson for Romania, the business paper Ziarul Financiar comments: "If Greece leaves the Eurozone it would call into question the development model for poor countries based on European funding. ... Excluding Greece from the Eurozone would prove that it is not possible for a country to develop mainly on the basis of loans from other states or private lenders. If this catastrophe does happen we'll have to forget about Romania ever joining the Eurozone. The day after the drachma replaces the euro in Greek wallets, Romania will have to take a deep breath and come to terms with the fact that it can only count on itself."

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