For the last past weeks there's been several events on the Romanian political arena that put several questions on the credibility about what is happening in the country at the governmental level. While I tried to avoid making comments on what is going on (it is not the purpose of this blog) here is in short some of facts: the minister of justice scandals with corruption accusations, apparently with clear evidence, the 450 km highway construction across the country awarded to American Bechtel all of a sudden and without a legally-required tender, the kids adoption scandals. These reflected quite badly on the international level both on the EU and on the foreign investors community. Actually, it is so bad that the Romanian PM had to go himself to Bruxelles for presenting an official point of view. Moreover, investment banks such as Bear Stearns just downgraded their positive outlook on Romania to a negative one. To be exact, they say that "we moved to a negative outlook on Romania a couple of weeks ago on the back of a lot of negative news flow''. Perhaps this has nothing to do with Bear Stearns financing part of the Bechtel deal.