BUCHAREST (Reuters) – Romania’s President Traian Basescu ratified the latest review of a 4 billion euro aid deal with the IMF on Wednesday, ending a weeks-long standoff over a deal seen as key to the country’s economic credibility.
Basescu moved swiftly to clear the agreement after Romania’s ruling coalition collapsed last week, a split that had raised doubts over the government’s ability to push through reforms that were agreed with the International Monetary Fund.
BUCHAREST (Reuters) – Romanian Prime Minister Victor Ponta faced a constitutional challenge from the centrist opposition on Wednesday that could very briefly hinder pursuit of IMF-backed reforms but seemed unlikely to scuttle his newly-forged coalition government.
Ponta’s Social Democrat-led (PSD) government lost its majority last week with the departure of the Liberal Party. But he forged a new majority, albeit smaller, by pooling forces with the ethnic Hungarian UDMR and winning a confidence vote.
BUCHAREST, March 4 (Reuters) – Romanian Prime Minister
Victor Ponta won a confidence vote in parliament on Tuesday, as
expected, securing a new mandate to push through a series of
IMF-backed reforms aimed at speeding up growth in the European
Union’s second poorest country.
Ponta’s Social Democrat-led (PSD) government won a vote in
both houses by a combined 346 votes to 192, having partially
restored its majority with new allies following the departure
last week of the Liberal party.
BUCHAREST (Reuters) – Prime Minister Victor Ponta urged Romania’s president on Monday not to block his attempts to form a new governing coalition as a new standoff loomed between the two bitter rivals, threatening to unnerve investors.
Ponta hopes to establish a government with the help of new allies this week after the departure of his main coalition partner last Tuesday following a series of spats, which raised concern for Romania’s ability to stick to commitments made in exchange for an aid deal with the International Monetary Fund.
BUCHAREST, Feb 28 (Reuters) – An ethnic Hungarian party is
likely to join Romanian Prime Minister Victor Ponta’s ruling
alliance within days, partially restoring his once-comfortable
majority in parliament and votes needed to implement economic
Ponta’s main coalition partner quit the government earlier
this week after a series of disagreements. The exit sparked
worries about Romania’s ability to stick to commitments it made
to the International Monetary Fund in exchange for a 4 billion
euro aid deal.
BUCHAREST (Reuters) – Romania’s president and prime minister said they were still committed to reforms agreed with the International Monetary Fund on Wednesday, after a split in the ruling coalition threatened the IMF deal and worried investors.
After a weeks-long standoff with the government, President Traian Basescu abruptly threw his weight behind the latest review of a 4 billion-euro aid agreement that is key to the credibility of the European Union’s second-poorest state.
BUCHAREST (Reuters) – Romanian President Traian Basescu sought to soothe investors on Wednesday by throwing his weight behind a 4 billion-euro aid deal with the International Monetary Fund that has looked under threat from a split in the ruling coalition.
Basescu had previously refused to ratify the latest review of the deal, which is key to the economic credibility of the European Union’s second-poorest state. He objected to proposals for a new fuel tax and a bank loan-support scheme.
BUCHAREST (Reuters) – Ministers from Romania’s Liberals resigned from the government on Wednesday, a day after the party quit the ruling coalition in a break-up that will trigger a confidence vote and has changed the dynamics of a presidential election in November.
The rupture has left the rump of Prime Minister Victor Ponta’s Social Democrat-led alliance with a slender majority in parliament, which will likely prompt him to ask an ethnic Hungarian party to join the government to shore up his support.
BUCHAREST (Reuters) – Romania’s Liberal party pulled the plug on the coalition government on Tuesday, in a break-up that might disrupt five years of economic reform backed by the International Monetary Fund (IMF) in the European Union’s second poorest state.
The second-largest member of Prime Minister Victor Ponta’s ruling alliance, the Liberals announced the split after crisis talks late into the evening in Bucharest. Its ministers will submit their resignations to the prime minister on Wednesday.
BUCHAREST, Feb 25 (Reuters) – Romania’s feuding coalition
government could split in a matter of days, a break-up that
might disrupt five years of economic reform backed by the
International Monetary Fund (IMF).
The Liberal party, the second largest member of Prime
Minister Victor Ponta’s ruling alliance, was set to meet for
crisis talks on Tuesday evening to decide whether to pull their
ministers out of the government. That could shortly be followed
by a formal split from Ponta’s leftist Social Democrats.