Honourable Chairs , Distinguished Delegates , good afternoon ,

Romania entered the 1990s a relatively poor country by European standards,

largely a result of the failed economic policies of Nicolae Ceauescu in the 1970s
and of the failures of privatization in Romania during the 1990s. As a result, the
GDP decreased by almost 50% and ruined the industry because of corruption.
Moreover, the austerity strategy slowed the economy, raised the unemployment
rates and low consumption decreased optimism for the future.
Nonetheless, Romania's debt was largely paid off during the 1980s by
implementing severe austerity measures which deprived Romanians of basic
consumer goods.
The actual economic situation of Romania makes this country incapable of giving
help to the US . Although, the austerity measures must not be applied again.It
should be another way of solving this problem , as Margaret Meade once said:
Never doubt that a small group of thoughtful commited citizens can change the
world indeed it is the only thing that ever does.

Thank you !