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ECONOMICS - In Brief

In a Standard & Poor top, Romania is no. 3, after the Iceland and Lebanon, as a state most vulnerable in case the global credit crisis intensifies.

East European states are the most vulnerable emerging markets in case the crisis gets worse, according to the S & P report.

Analyst Moritz Kraemer argues that East European states are most vulnerable, whereas the states in Asia and South America are generally better protected against the lack of solvency that may emerge if global economy goes through a significant decline. Each state's vulnerabiliy is evaluated in terms of the state's dependence on the entry of foreign capital for the financing of the current account deficit and the avoiding of crises. (...) (R.M.)