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Romanian President Could Nominate a Prime Minister This Week
- On Tuesday, Romanian President Nicusor Dan indicated he might appoint a prime minister this week if the pro-European parties come to an agreement on budget deficit reduction measures.
- This follows a May vote where far right gained ground and a looming end-of-June deadline to approve deficit cuts to avoid a ratings downgrade.
- Dan and four pro-European parties identified 60-80 possible deficit-cutting measures focused on state spending cuts but have not yet agreed.
- Ratings agencies warned in May they might downgrade Romania unless convincing measures including tax hikes are taken, and the next review is in August.
- Failure to agree risks freezing EU funds and a downgrade below investment grade, pressuring Romania to adopt a solid plan prioritizing spending cuts, institutional mergers, and possible tax increases.
14 Articles
14 Articles
Romanian president could nominate a prime minister this week
BUCHAREST - Romanian President Nicusor Dan said on Tuesday he could nominate a prime minister this week provided pro-European parties reach an agreement on measures needed to lower the European Union's highest budget deficit and prevent a ratings downgrade. Read more at straitstimes.com.
President Nicoşor Dan has been discussing today for about three hours with PSD leaders, PNL, USR, UDMR and the National Minorities about the package of economic measures to be taken to reduce the deficit...
President Nicushor Dan and the leaders of the pro-European parties that could establish the future coalition of governments had crucial consultations in the Cotroceni House on measures to reduce budgetary deficit. The negotiations on austerity measures will continue in the following days. The Cotroceni's decision-making consultations were closed. Nicushor Dan and the leaders of the pro-European parties did not understand the AUSTERITATE MEASUREs…
President Nicushor Dan has a new meeting, today at the Cotroceni House with the pro-western parties, to discuss a first draft of the tax package that should be agreed upon by political training that will be part of the future Government.
Fitch Ratings said Romania will need to make bigger budget cuts than previously expected to reduce the EU's highest budget deficit, while the country's pro-EU parties are still debating how to reduce the deficit.
Romania's President Nicos Dan said today that he could appoint a prime minister this week, provided that pro-European parties reach an agreement on… Romania: New President Dan may appoint a prime minister this week – Spending cuts in focus - ΙΝΑΤΕΜΟΠΟΡΙΚΙ
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