Moody’s Sees Significant Risk of Snap Election in Romania
Moody’s said the impasse could derail fiscal consolidation as Romania faces a 2.9% of GDP cash deficit and rising financing pressure.
73 Articles
73 Articles
S&P Global Ratings has affirmed Romania's long-term and short-term sovereign debt obligations denominated in foreign currency and domestic currency at "BBB minus/A-3" with an unchanged negative outlook, justifying the non-downgrade in no small part by the fact that Romania succeeded in achieving the renewal of EU disbursements through rapid legislation.
The Liberal MEP Siegfried Mureşan, who proposed a government that failed to pass Parliament's vote to be invested, says that the Standard & Poor's announcement on Romania's rating is good news. He points out, however, that the risk of tax irresponsibility is the greatest risk for us in the next period. The rating agencies and investors are most afraid of returning to waste from the past, says Mureşan, adding that the party that made the deficit …
Romania's political stalemate intensifies rating pressure before S&P ...
Ilie Bolojan warns that Romania risks increasing the amount of money for interest payments if it does not reduce state spending and does not make structural reforms. The interim Prime Minister maintains, however, that "things are in good order.Article Ilie Bolojan, before the S&P evaluation: "I am optimistic that things are in good order.It appears first time in Romania TV.
Interim Prime Minister Ilie Bolojan warns that the lack of budgetary discipline could direct Romania's resources towards interest payments, to the detriment of investments in health, education and infrastructure. Prior to the S&P decision on Romania's rating, he said he was optimistic that the country would avoid downgrading to the "junk" category, claiming that budgetary indicators had been respected.
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