{"id":5656,"date":"2010-11-24T10:32:09","date_gmt":"2010-11-24T08:32:09","guid":{"rendered":"http:\/\/http:\/\/www.iliaspapageorgiadis.ro\/en\/?p=5656"},"modified":"2015-01-26T20:16:44","modified_gmt":"2015-01-26T18:16:44","slug":"romanian-economy-keeps-on-falling-while-dreamers-keep-on-waiting-millions-to-knock-at-their-door-3","status":"publish","type":"post","link":"http:\/\/www.iliaspapageorgiadis.ro\/english\/2010\/11\/24\/romanian-economy-keeps-on-falling-while-dreamers-keep-on-waiting-millions-to-knock-at-their-door-3\/","title":{"rendered":"Romanian economy keeps on falling, while dreamers keep on waiting millions to knock at their door"},"content":{"rendered":"

\n\tThis article was published 21.04.2010\n<\/p>\n

\n\tGerman and French "false signs"<\/strong>
\n\tThe first "false sign" was during September 2009. German government had elections ahead (September 22nd<\/sup>), this is why they injected cash into consumption, giving 2.500 euro \/ car to purchase. Due to this policy, Dacia had historical records of exports and German economy succeeded to have an anemic growth of +0,4% in the second quarter of the year. After elections (by… coincidence) the economy turned negative again, as the crisis is much deeper than people thought initially. The French economy was exactly in the same path, as they had more or less the same measures (and problems). When we heard the news here in Romania, some people started predicting: "Very soon it will finish here too"…\n<\/p>\n

\n\t"After elections you will see"…<\/strong>
\n\tThen we had the Romanian elections. Due to them, we started hearing people saying that the last quarter of 2009 will be the first one with positive growth. Then some others connected "the end of crisis" with the elections. They said this so many times, that in the end they… believed it as well!Next to them, plenty of property owners followed, who either rose their prices or they were waiting the elections to pass, counting the days one by one. "After elections you will see, the market will be exploded" they were saying to people who were contacting them for their property.\n<\/p>\n

\n\t"Ron is up. Romania has exited the crisis"<\/strong>
\n\tIn the beginning of 2010 many market players started… dreaming of visions. They started stating that Romania will rise fast this year, leaving back the problems of 2009. In the same context, several business people in Real Estate expressed their certainty (=hope) that the market would go up during this year. The well known (nowadays) Greek problems hurt Euro currency and Ron appreciated unexpectedly. From 1 Euro = 4,25 Ron we saw it even at the levels of 4,06. So, too many people were sure: "Ron is up. Finally, Romania has exited the crisis".\n<\/p>\n

\n\tBut why doesn't this crisis end?<\/strong>
\n\tRomanian economy was announced last week to have remained in recession, for the sixth consecutive quarter. Today, too many people are really disappointed. They see their hopes proven wrong once more and they realize that the future is uncertain. This is a stressful feeling, by default. But when people felt that the crisis has ended and they still see it in front of them, as part of their lives, their fear grows. And they keep on asking: "Why doesn't this crisis end?"\n<\/p>\n

\n\t10 simple reasons why the crisis will continue during 2010.<\/strong>\n<\/p>\n