What happens to Romania if Greece cracks now that the IMF decided not to give Greece more money? Hundreds of millions of euro worth of investments in oil explorations are blocked by the state. In an interview for one newspaper Interior minister Traian Igas talks about the Interior ministry intelligence service and the effects after the corruption scandal. Romania, the country with most illiterate people in Eastern Europe. Romanian film director Radu Muntean, appreciated by American critics.

Gandul wonders today what will happen with Romania if Greece cracks now that the IMF will not give more money to Greece. If Romania or any other emerging state in the region does their homework on reforms, they will not be affected by the downfall of Greece, economist Nouriel Roubini said.

Roubini is well known globally for predicting the credit crunch in the US back in 2007. Regarding the situation in Greece the economist said that the problem is not if but how to restructure Greece’s public debt. Local economists claim that the effects of the crisis in Greece over Romania are limited.

The only link between the two is the banking system but all Greek banks in Romania are independent which means that as long as they are solid in Romania there will be no notable problems. Greek banks own about 17% of the actives of the Romanian state including Alpha Bank and Bankpost, Banca Romaneasca and Pireus.

Elsewhere in the news, Evenimentul Zilei reads that the state blocked hundreds of millions of euro from investments in oil explorations. Oil companies are waiting for some legislative problems to be resolved. Several months after Romania won against Ukraine the continental plateau of the Black Sea at the Hague court, the state blocked investments in the area because it fails to appoint an authority to issue construction authorizations for ope