We have no choice but to predict a financial bloodbath for the new GlobeCast SES pay TV service launched in Romania for Orange. That country needs yet another pay TV service like a hole in the head. Romania is a poor country with 21.4 million people in around 6.7 million TV homes. There are already 5.4 million of these that have pay TV, leaving a market left to penetrate of some 17% or so. But peculiar to all the highly penetrated pay TV markets in Europe this is the one with the lowest service pricing at around €12 per home per month. It has endured three years of price wars, and the launch by Orange is set to re-trigger a…