Matthias's Feed
Nov 26, 2014

Romania’s next president eyes power shift within weeks

BUCHAREST (Reuters) – Romania’s new president-elect Klaus Iohannis predicted on Tuesday that enough lawmakers could start abandoning Prime Minister Victor Ponta’s ruling coalition in the coming weeks to bring down the government next year.

Iohannis, 55, an ethnic German from Transylvania who campaigned on an anti-corruption platform, defeated 42-year-old Ponta in a shock victory in a presidential election earlier this month.

Nov 21, 2014

Exclusive: Romania’s Ponta could face leadership challenge

BUCHAREST (Reuters) – Romanian Prime Minister Victor Ponta could face a leadership challenge next year from within his own ranks, as the ruling Social Democrat party looks to contain the fallout from an embarrassing presidential election defeat.

Senior party officials told Reuters that the Social Democrats (PSD) may hold a special congress in February or March to take stock, after Ponta surrendered a ten-point lead to lose last Sunday’s election to underdog Klaus Iohannis.

Nov 21, 2014

Romania’s Ponta could face leadership challenge

BUCHAREST, Nov 21 (Reuters) – Romanian Prime Minister Victor
Ponta could face a leadership challenge next year from within
his own ranks, as the ruling Social Democrat party looks to
contain the fallout from an embarrassing presidential election
defeat.

Senior party officials told Reuters that the Social
Democrats (PSD) may hold a special congress in February or March
to take stock, after Ponta surrendered a ten-point lead to lose
last Sunday’s election to underdog Klaus Iohannis.

Nov 17, 2014

Incoming Romanian president pushes crackdown on corruption

BUCHAREST, Nov 17 (Reuters) – Romania’s president-elect
Klaus Iohannis urged parliament on Monday to scrap a corruption
amnesty bill, moving swiftly to make good on a campaign promise
and allay EU fears over graft in the country.

Iohannis will be sworn in as president in December after he
inflicted a surprise defeat on Prime Minister Victor Ponta in
polls on Sunday, a result that will maintain a potentially
destabilising split between the country’s executive powers.

Nov 4, 2014

Bondholders warn Bulgaria over cost of Corpbank failure

BUCHAREST, Nov 4 (Reuters) – International creditors to
crisis-hit lender Corporate Commercial Bank warned
Bulgarian authorities on Tuesday that letting the bank fail
would be more expensive than saving it and risked years of
lawsuits.

In a letter to the government seen by Reuters, a group of
Corpbank’s bondholders urged authorities to reconsider a rescue
offer put forward by a consortium last week that was rejected by
parliament and criticised by the central bank.

Nov 1, 2014

Romania’s Ponta in driving seat in presidential polls

BUCHAREST (Reuters) – Romanians seem likely to propel Prime Minister Victor Ponta into the presidency in elections beginning on Sunday, consolidating his leftist Social Democrat party’s hold on power, but raising questions about judicial independence.

A former prosecutor and amateur rally driver who became the European Union’s youngest prime minister two years ago, Ponta is expected to win the first round in a field of 14 candidates, but not by enough to avoid a run-off on Nov 16.

Oct 30, 2014

Romania’s Ponta heads for presidency with justice in spotlight

OPTASI-MAGURA, Romania, Oct 30 (Reuters) – Romanians are
likely to move Prime Minister Victor Ponta into the presidency
in elections that start on Sunday, offering one of Europe’s
poorest countries political stability but raising concerns about
judicial independence.

Backed by a well-oiled party machine, Ponta has led opinion
polls in the run-up to the Nov. 2/16 vote, trumpeting a record
of easing the painful spending cuts and tax hikes Romanians
endured in a 2009-10 recession.

Oct 7, 2014

Bulgarian president warns against new elections

SOFIA, Oct 7 (Reuters) – Bulgaria’s president and business
leaders urged politicians on Tuesday to agree on a new
government and avoid another election after a weekend snap poll
delivered a messy result that raises the threat of further
instability in the Balkan nation.

The centre-right GERB party won Sunday’s election but fell
dozens of seats short of a majority, setting the stage for weeks
of difficult talks with potential allies to cobble together
Bulgaria’s fifth government in two years. One GERB official
warned of another vote by Christmas if the talks fail.

Oct 6, 2014

Bulgaria election winner ready to form minority government

SOFIA, Oct 6 (Reuters) – The winner of Bulgaria’s general
election said on Monday it was ready to form a minority
government with the support of other parties, after a fractured
result that threatens more instability in the Balkan country.

Led by a former bodyguard and karate expert, the
centre-right GERB party won around a third of the vote but is
likely to find itself dozens of seats short of a majority. That
may leave Bulgaria, one of Europe’s poorest countries, with
another shaky coalition struggling to solve a bank crisis and
revive growth.

Oct 6, 2014

Rightist party wins Bulgaria election as vote splinters

SOFIA (Reuters) – Bulgaria’s center-right GERB party won a snap national election on Sunday but fell short of a majority, a result that could mean another shaky coalition struggling to solve a bank crisis and revive economic growth.

GERB leader Boiko Borisov, a former bodyguard and karate expert said his party would hold internal discussions on Monday on how to proceed. Exit polls pointed to a highly fractured result, setting the stage for days or weeks of haggling with smaller parties and the opposition.