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British thinktank warns of ‘global pandemic of unrest’

Romania is placed 66th in the top of Political Instability Index. A leading British thinktank Friday warned of the "grave threat" of social unrest in response to the global recession over the next two years.  

The Economist Intelligence Unit (EIU), in a paper published Friday, rated the risk of upheaval that could "disrupt economies and topple governments" as "high or very high" in 95 countries.

"Popular anger around the world is growing as a result of rising unemployment, pay cuts and freezes, bail-outs for banks, and falls in house prices and the value of savings and pension funds," said the EIU paper, entitled ‘Manning the Barricades.' "As people lose confidence in the ability of governments to restore stability, protests look increasingly likely." Top of the list of high-risk countries were Zimbabwe, Chad, the Democratic Republic of Congo, Cambodia and Sudan. However, three of the European Union's neighbours - Ukraine, Moldova and Bosnia-Herzegovina - were rated as being at "very high risk" of social upheaval.

Romania is place 66th in the top of Political Instability Index with 6.4 points. Estonia and Latvia are placed on the 55th spot. The best score is registered by Norway (1.2 points) and the poorest by Zimbabwe (8.8 points). EIU says that the economic situation in Romania and the increase of unemployment are increasing the risk of instability in Romania. It reminds that social unrest have been registered during the periods of economic crisis such as 1990-1992 and 1996-1999, Mediafax quoted EIU as reporting. Better placed than Romania in the EIU standing are Hungaria and Lithuania (82nd place), Bulgaria (86th), Slovakia (98th) Poland (136th), Cyprus (142nd), Slovenia (150th) and the Czech Republic (153rd).

The paper pointed out that two European governments - in Iceland and in Latvia - had already fallen as a result of crisis.

In Europe, Britain was "not immune" from the danger of serious social unrest and "more likely" to suffer from it than Germany and the Netherlands, but "less likely" than France and the US. A lot depended on how US President Barack Obama responded to pressure to "defend American jobs and companies against foreign imports," said the paper.

 

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Tags: romania unrest

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