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EU’s Fastest-Growing Economy Needs a Band-Aid

Budget tinkering spells bad news for Romania down the road
Bucharest downtown
Photographer: Grosescu Alberto Mihai/Getty Images/iStockphoto

Shaken by anti-corruption protests, Romania’s government is getting creative to keep its promises to voters.

Prime Minister Sorin Grindeanu dare not shy away from tax cuts his party pledged before winning December’s election. But paying for them is proving tricky. The solution? State-owned firms must raise dividend payouts by a fifth to ease strain on the budget.