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Romania, like most other Eastern European countries, enjoyed outstanding growth in the years leading up to the financial crisis. But now, the country is slogging through a recession. GDP from Q1 2010 was a anemic -2,6% and Q2 only slightly better at -1% .
In Romania only, the debts with more than 30 days overdue are reaching 4.459 billion LEI (more than 1 billion EUR) this year. This is +60% than in 2009. Today, more than 714,000 people have overdue debts in this country (1500 EUR per debtor as an average).
