Premier's Exit Spells Relief for Bond Investors Eyeing Romania
- SEB says Ponta was a hindrance for economic-policy changes
- Commerzbank says case for investing in country remains robust
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The departure of Romania’s Prime Minister Victor Ponta removes the biggest hurdle for bond investors looking for gains in eastern Europe’s second fastest-growing economy.
Months of political wrangling and street protests culminated in a government shake-up Wednesday, ousting a politician who battled allegations of corruption and held up a backstop loan agreement with the International Monetary Fund. Analysts at banks including SEB AB and Commerzbank AG say a Romania without political chaos will entice investors.