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UPDATE 2-Romanian president asks finance minister Citu to form government

(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.

Romanian president asks finance minister Citu to form

By Luiza Ilie 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.

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