The question is not why but how

Romania seemed to witness the onset of the global financial crisis largely unaffected. The general view at the time was that a country that managed to muddle through the difficult transition years of the '90s, with the Balkan wars raging nearby, could not be upset by much else. This was not simply naïve optimism, but plain managerial calculation, which showed that a country with marginal industrial activity and relatively low foreign investments was unlikely to post major losses. However, things haven’t worked quite that way. As a member of the European Union, Romania depends on the EU’s market and banking system and so things started to become a little more serious. At the same time, its own macroeconomic weaknesses placed Romania in further difficulty and thus the country had to seek financing from the IMF so it can avoid economic collapse.
Furthermore, in its effort to reduce budgetary expenses, the government has had to take highly unpopular measures, slashing salaries in the public sector by 25 per cent.  Even so, the economic outlook remains complicated. In such a context, looking at the country's economic background and considering the string of poor political decisions over the last 20 years, it would probably be relatively easy to see “why” we’ve found ourselves in such a difficult situation. The big question however is “how” we might get out of it.