Behind the Bastards cover image

Part Four: Nicolae Ceaușescu: The Dracula of Being A Dick

Behind the Bastards

00:00

Romania's Debt Crisis

Romania had half a billion dollars worth of debt in 1978 and that had risen to 10.4 billion by 1982, equivalent to 28% of its GDP. In 1981, just the interest payments alone accounted for $3 billion. By 1982, Ceausescu was forced to cut spending and redirect foreign currency towards interest repayments. The Romanian economy suddenly found itself in deep trouble.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app