The offensive that the Western world has started against Libyandictator Muammar Gadhafi could be felt in Romania, as well,although it is not in the frontline of the armed conflict. Theprice of oil, which has been extremely volatile throughout theduration of the conflict in Libya, could rise, which wouldtranslate in price increases that could further hurt the Romanianeconomy, already weakened by the two years of crisis it has beenthrough.
The price of oil has not been affected by the attacks of theinternational coalition on Libya because the bombing started duringthe weekend, but it has risen over 10% in the past three months,amid the popular revolts in the north of Africa and In the MiddleEast. On Friday Brent oil was trading at 113 dollars a barrel inLondon.
"As far as Romania is concerned, our problems are different: wehave debts to recover from Libya, and if the regime changes, thecountries who will no doubt have priority when it comes torecovering their debts will be the countries that had an activemilitary presence. The same is true when it comes to winningcontracts in the region," Liviu Voinea adds. Romania has 47.4million euros to recover from Libya.
Even if it wants to, Romania cannot get involved in the Libyanconflict because it lacks the necessary resources.
"Romania is involved in other theatres of operations within NATOwith a considerable number of troops, and in terms of technicalcapability and logistics I don't think we have the ability to jointhose countries that make available air strike capabilities,"George Scutaru, vice-chairman of the Defence Committee of theChamber of Deputies told Mediafax news agency.
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