Wrong. Romania took credits like any other country. And speaking of “agreement with the USSR” you forgot one thing: Romania was considered the black sheep
of the Communist block. We had diplomatic relations with Federal Republic of Germany and with Israel (despite the Arab-Israelis wars).
We were against Romanian Army participation in August 1968 reppresing of the Prague movement.
We had good relations with USA (a lot of high level visits of Nixon, Ford and Carter and of course Ceausescu in Romania and USA).
We participated in both “boycott” Olympic Games - Moscow 1980 and Los Angeles 1984 (only Cuba participated beside Romania from Communist block).
All these facts pissed off the Mighty Big Brother from East who cut any money, any support, any market for Romania.
Therefore Romania was forced to borrow money on the free market like any other country (including USSR).
What “economic errors”? Simply Ceausescu decided that Romania need to be a “no debt” country (remember that you said something about external debts…)
NO to any imports and export everything (even food and MOSTLY to USSR).
Lucky you!
Romanian rations (of course with queing):
200g salami person/month;
1 kg meat/family/month (it doesn’t matter the size of the family);
10 eggs/family/month;
1.5 liter sunflower oil/family/month;
1 kg sugar/family/month
2 bread/person/day;
etc etc;
The only product available free was Vietnamese shrimps.
You will say “Come on! that was Romanian version of socialism”. I’ll reply that we had reach at this tragic situation due to communism.
Imposed and sustained by the Soviets.
AFAIK are still three communist countries in the world: Cuba, Noth Korea and Vietnam (I’m not so sure about Vietnam anyway).