Romanian Turmoil Delaying Budget Fix Puts Investors on Edge
Protesters and riot police during a demonstration in Bucharest, on March 9.
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Romania’s turbulent politics is making investors wary that further fiscal steps needed to boost the European Union’s riskiest government bonds will face further delays.
The $380 billion economy has been mired for months in chaos surrounding its presidential election — with a previous far-right frontrunner barred from the vote and the government seeking to suppress what it sees as Russian meddling. Tensions before the May re-run of the ballot have compounded concerns over state finances and weighed on the country’s markets.