Business news from Ukraine

Business news from Ukraine

Romanian opposition parties have tabled motion of no confidence against government

Reports have been confirmed in Romania of joint action by the Social Democratic Party (PSD) and the far-right Alliance for the Union of Romanians (AUR) against the government of Ilie Bolojan. Following announcements on April 27 regarding the start of technical preparations, the parties submitted a joint no-confidence resolution against the cabinet to parliament as early as April 28.

Reuters and AP report that the motion aims to topple the pro-European government of Prime Minister Ilie Bolojan after the PSD withdrew from the coalition, thereby depriving the cabinet of its parliamentary majority.
Parliamentary leadership has determined that the document will be read on April 29, while the debate and vote are scheduled for May 5. It was also reported that the text has gathered 251 signatures, while 233 votes are required to pass the resolution.

The political significance of this move extends far beyond parliamentary procedure. The fall of the Bolojan government could trigger prolonged political instability, put pressure on Romania’s credit rating, increase the cost of government borrowing, and complicate access to more than €10 billion in European funds that Bucharest must manage to absorb within the timeframe of the EU recovery program.

At the same time, although the PSD is working with AUR to topple the government, it has not declared its readiness to form a joint cabinet with the far-right. Both AP and Reuters emphasize that the Social Democrats are more likely trying to reshape the government on terms more favorable to themselves rather than create a full-fledged alliance with AUR.

, , ,