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05.05.26 - 15:03
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Romanian Pro-EU Government Collapses After No-Confidence Vote, Currency Tumbles To Record Low (ZeroHedge)
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Romanian Pro-EU Government Collapses After No-Confidence Vote, Currency Tumbles To Record Low
Lawmakers toppled Romanian Prime Minister Ilie Bolojan's pro-EU government in a no-confidence vote on Tuesday, putting at risk the country's sovereign debt ratings, its access to EU funds and the stability of its currency. Of the valid votes cast in the parliament, 285 voted for the motion of censure and four against, exceeds the 251 signatures collected last week for the motion and above the 233 needed to pass, the official parliamentary count showed.
Romania's Prime Minister Ilie Bolojan
Bolojan has led a minority government since late April when the Social Democrats - the largest party in parliament - called for his resignation and then walked out of the four-party coalition and teamed up with the far-right opposition to file a no-confidence vote.
Although a snap election looks unlikely, financial markets are concerned that the turbulence could mean Bucharest wavers in its commitment t...
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Devisenmarkt Europa 5934.016 +0.37% (E.St.50 Kurs)
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