Romanians Keeping Hold of Wages

Summary


Fewer Romanians abroad are sending currency home, exposing the future European Union members' economy to rising risks from its vast account deficit.

Remittances from workers last year were a record 4.1 billion euros (pounds 2.7 billion) or 5.6 per cent of gross domestic product, according to central bank data.

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Extract


Romanians Keeping Hold of Wages

Though some arrived in the Black Sea state in bags and not through banks, it amounted to two-thirds of its external deficit and provided an im...

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