Romania Fast-Tracks Austerity Approval in Face of Resistance

Romanian Government to Face No-Confidence Vote Over Deficit-Lowering ...

Romanian government to face no-confidence vote over deficit-lowering tax hikes

BUCHAREST - Romania's two-week-old broad coalition government is set to face a no-confidence vote as it seeks to speed through planned tax hikes that have triggered street protests even though they are needed to avert a ratings downgrade to below investment grade. Read more at straitstimes.com.

Romania Fast-Tracks Austerity Approval in Face of Resistance

Romania’s government is rushing to approve a sweeping fiscal austerity package, provoking a potential no-confidence motion by surging far-right parties in parliament.

Romania faces reckoning with Brussels over soaring budget deficit

EU ministers will pile pressure on Bucharest to impose austerity measures and bring the deficit under control.

Romania's Budget Crisis: Austerity Measures Spark Protests and Political Instability

Romania is currently facing a severe budget crisis, prompting the government to implement stringent austerity measures. These measures, including tax hikes and public sector wage freezes, have ignited widespread protests and political instability. The nation’s high budget deficit, the largest in the EU, has led to warnings from the European Commission and concerns about a potential credit rating downgrade. Romania’s Fiscal Crisis Deepens Romania…