Friday, November 28, 2014

Bloomberg News: Romanian Premier’s Ruling Coalition to Remain in Power

By Andra Timu
November 27, 2014

Romania’s ruling coalition will stay in place after a junior member of the coalition, the UDMR ethnic Hungarian party, pulled out, Prime Minister Victor Ponta said.

Ponta’s Social Democrats and three junior members will continue to govern the country and present a draft budget for next year and a restructured cabinet to parliament, Ponta told reporters in Bucharest yesterday.

“It is very important to focus all our positive energies to do a good governing that will boost economic growth and create jobs,” Ponta said. “I want to continue to govern well, with special focus on healthcare, education and infrastructure.”

Romania’s ruling coalition, which was shaken by Ponta’s defeat in presidential elections to opposition leader Klaus Iohannis, is counting on the votes of 332 lawmakers in the 579-seated Parliament after the UDMR withdrew support for the cabinet.

Ponta said he plans to change some ministers and add the newly formed party of former Premier Calin Popescu Tariceanu to the government after sending a budget draft to parliament Dec. 10 following review by the European Union and International Monetary Fund.

With economic growth exceeding estimates and plans to adopt the euro in 2019, Romanians voted to replace outgoing President Traian Basescu after 10 years in power with ethnic German Iohannis. The elected president, who rode a wave of public anger against poor management of the government of voting abroad, takes office Dec. 22.

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