IMF Urges Romania to Shun Pre-Vote Populism After EU Budget Feat

Romania’s government, which freed itself from European Union budget shackles in June, must maintain fiscal rigor before a presidential election next year, the International Monetary Fund said.

“With Romania having exited the excessive-deficit procedure, pressures for populist measures are on the rise that would unwind earlier difficult reforms or create new risks,” the fund said today in a report on its website. “These pressures need to be resisted.”