Although Europe’s most pressing problem is Greece, all South European states and periphery countries are vulnerable, said Negritoiu.
The situation may be kept under control, but negotiations will not end soon and will not lead to rapid and essential improvements, while pressure on the euro and other currencies in the region will continue, he added.
Romania’s vulnerability is increasing because of its banking sector’s exposure to Greece and because the central bank’s monetary policy depends to a great extent on the euro, considering the size of the euro-denominated loan portfolio, Negritoiu explained.
On Friday, Romanian leu’s exchange rate strengthened slightly to 4.4648 units against the euro, but dropped for the third straight session versus the US dollar and hit a new all-time low of 3.6231 units, from 3.5939 units a day earlier.