I have been trying to warn in this blog that the banking sector in Romania has got issues beyond its borders that could bring BIG trouble. Below is a table from an article in the WSJ which shows exactly what I have been trying to say all along: the banking sector did not restructure since 2007. Moreover, it added more “bad debt”, i.e. sovereign debt. Also, please note that some of the banks on this list are top 10 banks in Romania. I guess banks in Romania will have to cope with local tough conditions and restructuring abroad. I just hope they had time to get rid of the guys that got them into this mess.