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Finance Minister says Romania must sort out deficit issue for lower interests
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3 Min Read
BUCHAREST, Dec 9 (Reuters) - Romania’s ruling National Liberal Party (PNL) will propose Finance Minister Florin Citu as the next prime minister following a parliamentary election, two senior party sources said on Wednesday.
The centrist PNL, the USR-Plus party and the ethnic Hungarian UDMR are in pole position to form a coalition government following Sunday’s election in Romania, which is in the European Union and the NATO military alliance.
Though the left-wing opposition PSD emerged as the single strongest party in the election, seen as pivotal for the country’s future in the European mainstream, it failed to secure enough votes for a majority in parliament.
(Adds Cabinet line-up)
BUCHAREST, Dec 22 (Reuters) - Romania’s centrist president, Klaus Iohannis, asked Finance Minister Florin Citu on Tuesday to lead a centre-right coalition government able to shore up public finances and boost investment.
Citu’s centrist Liberals, who have ruled for the past year, will team up with the centre-right grouping USR-Plus and the ethnic Hungarian party UDMR.
Citu said a vote of confidence to endorse the new Cabinet could take place in parliament late on Wednesday. The coalition will control around 55% of parliamentary seats, a majority that analysts say may be relatively fragile.
The Cabinet faces the daunting task of restoring confidence in an economy that has been hurt by years of fiscal largesse and political instability, coupled with neglect of rundown infrastructure and public services, which have brought Romania’s sovereign debt to the brink of losing its investment-grade status.
3 Min Read
BUCHAREST, Dec 9 (Reuters) - Romania’s ruling National Liberal Party (PNL) will propose Finance Minister Florin Citu as the next prime minister following a parliamentary election, two senior party sources said on Wednesday.
The centrist PNL, the USR-Plus party and the ethnic Hungarian UDMR are in pole position to form a coalition government following Sunday’s election in Romania, which is in the European Union and the NATO military alliance.
Though the left-wing opposition PSD emerged as the single strongest party in the election, seen as pivotal for the country’s future in the European mainstream, it failed to secure enough votes for a majority in parliament.
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