Romania among most vulnerable emerging countries should subprime crisis aggravate

Romania comes third after Iceland and Lebanon in a list put up by Standard&Poor’s on the most vulnerable emerging markets, should the international financial troubles aggravate. Eastern European countries are most vulnerable in such a case, according to the S&P report, quoted by Romanian news agency Mediafax.

S&P analyst Moritz Kraemer believes that as compared to Eastern European countries the countries of Asia and South America are better protected.

On the S&P list, Iceland comes first, followed by Lebanon, Romania, Latvia and Turkey. Hungary and Bulgaria come seventh and eighth respectively. The least vulnerable emerging economy is Chile.