Chief Correspondent, Romania/Bulgaria
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May 4, 2012

Analysis: Central Europe walks austerity tightrope

BUCHAREST (Reuters) – When Romania’s government cut salaries by a quarter in 1931, it collapsed and the country ran through 22 different cabinets in a decade and slid into dictatorship and war.

Eight decades later, another government introduced a similar austerity measure under an International Monetary Fund-led bailout. It fell and parliament threw out its successor after just two months.

May 4, 2012
May 4, 2012
    • About Sam

      "I have been a reporter since 2001 and am currently Reuters bureau chief for Romania and Bulgaria. Based in Bucharest, I lead two teams covering politics, economics, companies, culture and sports. I was previously in Switzerland and London, covering topics from healthcare and the UN to oil markets and bank meltdowns."
      Joined Reuters:
      2006
      Languages:
      German, French, Spanish, Romanian
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