BBC
Niels Van Wanrooij, Real Clear World: Europe Risks Losing Moldova to Moscow
Moldova, a country of 3.5 million on the brink of bankruptcy, risks becoming a failed state. This would increase instability on the EU's eastern borders by handing Russia another opportunity to extend its influence in the former Soviet-sphere, as it lures Moldova into its "Eurasian Customs Union".
Moldova: a small country on the periphery of Europe, facing massive corruption and unemployment and struggling to obtain credit from the EU and the IMF to avoid bankruptcy.
Add to this that it is currently without a government and that its breakaway region of Transnistria may prove the next flashpoint for Russia-Ukraine relations, and one may wonder how this story of a failed state on Europe's borders has not featured more prominently in the news.
WNU Editor: Cannot say that I am surprised by this news. Moldova's political and commercial elites have always been the most corrupt in Europe .... the fact that they completely and utterly ruined their country was (and is) predictable.
2 comments:
You cannot borrow yourself out of debt. It is a hole you are digging and the best advice is to stop digging. Increasing debt in such situations provides very short term relief. If you cannot pay your debt than bankruptcy is the only way out unless you are willing to sell your soul, or your country, as it appears Greece is now doing. Better to take the hit now and get it over with. At that point there will be a new source of money that comes in the form of foreign aid from the US. But again they have to give up something like autonomy. As for corruption, it sounds like the money is there.
Moldova need to unite whith Mother Romania urgent ! Now or never ca z later Putin wil send his army in this region (As a romanian i can t see Moldova as a country , it is a satellite state created by URSS whith force ....it is our biggest tragedy ,the separation of our brother's because Stalin)
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