> I lived through the 1990s here in Romania, the future does not look bright in the slightest.
Why? Inflation was much higher then. There were almost no highways. Very little foreign tourism. Towns were ugly. Industry was barely functioning. Etc. Things are way better now. Just because Romania has high debt is no reason to be pessimistic. Everybody has high debt.
I was talking about the perspective on the future, we had that back in the 1990s, it is sorely missing now. No-one even dares mentioning about any “light at the end of the tunnel”, it’s everybody for himself (and for his/her family/clan) right now.
I don't live in Romania so I don't know the details but that probably makes me more objective. I think the situation is better for the future than it was in the 90s. In hindsight, back then it took many years for things to get better. Whereas now with so much upheaval in the world Romania is well-positioned to keep growing.
Why? Inflation was much higher then. There were almost no highways. Very little foreign tourism. Towns were ugly. Industry was barely functioning. Etc. Things are way better now. Just because Romania has high debt is no reason to be pessimistic. Everybody has high debt.