A calmer period for financial markets and an assurance that foreign banks will not withdraw capital from subsidiaries on the outskirts of the euro empire are the two key advantages Romania has following the deal of EU leaders on the set of crisis measures. But major question marks persist among authorities and business people in Bucharest. What do the measures decided forcedly in Brussels on Wednesday mean in real terms and what are the key issues of uncertainty following the euphoria of the moment?

Effect no. 1: Help for Greece and an European Financial Stability Facility increase may lead to cooler financial markets. That is, a possible halt of interest rise for Romanian loans

Context: Foreign lenders have become extremely cautious when it comes to Romania, as Bucharest officials including President Basescu have been saying. The reason? Lucian Croitoru, aide to the Romanian central bank governor, said prior to the European Council on Wednesday that a fear of contagion in the area had scared lenders. The result was a constant rise of interests at which the Romanian state is borrowing from abroad to cover its functioning needs.

What is it that calmer financial markets bring? Romanian MEP Theodor Stolojan says "the set of measures agreed on on Wednesday means calmer financial markets and calmer interests. Implicitly, it may lead to a more relaxed approach by banks which provide credits to the business environment, as the uncertainty that was felt so far has affected lending".

Alexandra Gatej, president of the American Chamber of Commerce in Romania (AmCham), welcomes the deal in Brussels and says "the signal that a solution was reached is a good thing. Everybody in the private sector knows that decisions must be made in a crisis situation. We are now waiting for the technical details and I would like to see palpable measures resul