Progress Report on Fiscal Policies June 20 - 26, 2017
On Monday, June 26, PSD and ALDE proposed Minister of Economy Mihai Tudose for the position of Prime Minister. President Klaus Iohannis announced that he would hold a press conference on Monday evening. Remains to be seen whether President Iohannis accepts the proposal, or not.   Romanian national currency fluctuated during past week, and depreciated against the main international currencies. Despite the Romanian Leu plunging close to 4.6/EUR, economists say that its devaluation has nothing to do with the political crisis.  


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Parliament ousts Prime Minister Sorin Grindeanu in no-confidence vote June 21, 2017
            The next step before the new Government is sworn into office is that President Klaus Iohannis summons parliamentary parties for consultations. Consultations were announced to begin on Monday, June 26. There is no guarantee that President Iohannis would accept PSD & ALDE’s proposal as it is no certainty over the period of time before Iohannis announces the nomination. Six months ago, President Iohannis took two weeks before accepting PSD’s second proposal, Sorin Grindeanu.


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Progress Report on Fiscal Policies June 13-19, 2017
Following the resignation of the entire Grindeanu Cabinet, except PM Grindeanu and Minister for Communications Augustin Jianu, at the request of PSD president Liviu Dragnea, FinMin Viorel Ștefan sent a message to the business environment and international institutions, saying that the Romanian democracy is mature enough so that the political crisis will not impact Romanian economy. The national currency seems to be the first to contradict Minister Ștefan, as it depreciated against the main international currencies on Thursday, the day following the PMs refusal to resign. The European currency soared by 0.45% up to 4.5672 RON per unit, the heist level since August 2012- the crisis for suspending former President Traian Băsescu. By Tuesday, one day ahead of the no confidence vote, the exchange rate pushed toward RON 4.6/EUR, a new record low for the national currency.


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Weekly Policy and Political Report, June 19, 2017
PSD vs the Government. PSD-ALDE's no confidence vote against the Grindeanu Government The long weekend that passed was characterized by a fast succession of events in the political arena, all focused on PSD's failed attempt to replace the head of Government, five months after being sworn into office. On Sunday, Social Democrats' Senate Leader Mihai Fifor read in Parliament the no confidence vote against the Grindeanu Government. The Government currently includes only PM Sorin Grindeanu, who is also Minister for Development (replacing Sevil Shhaideh), Augustin Jianu, Minister of Communications and interim-Minister for Internal Affairs (replacing Carmen Dan), and Victor Ponta, Secretary General of the Government (SGG), replacing Mihai Busuioc. The ruling coalition fast-tracked the reading of the no confidence vote in Parliament, scheduling it a day before the initial timeline. Fast-tracking the Bill was also an occasion to conduct a pre-voting check, with the ruling coalition requiring 233 votes for the no confidence vote to pass. Not all Social Democrats signed the Bill, the strongest opposition against the no confidence vote coming from Iași, Timiș and Caraș-Severin County branches. With only 222 signatures (199 from PSD and 23 from ALDE), the ruling coalition appears to be 11 votes short. However, PSD's Dragnea announced that the rest of PSD MPs assured him of their votes, and that on Wednesday the Parliament would "massively" vote for the Bill. While the Social Democrats prepared for reading the Bill in Parliament, the Government continued to work over the weekend. After the Ministry for Regional Development (under Sevil Shhaideh) greenlighted on Friday the second stage of the National Local Development Program (funds for local administration), PM Grindeanu accepted Shhaideh's resignation. All other Secretaries of State within the Ministry for Regional Development were removed from office, the Official Gazette publishing the official decisions on Sunday, June 18, hours before PSD's Fifor read the Bill in the joint plenum. The decision to remove all secretaries was made in order to block any signatures by proxy that could have followed. (...)


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Weekly Policy and Political Report June 7 - 13, 2017
PSD leaders are deciding the Government's fate on Wednesday, June 14, when the party's Executive Committee is expected to meet and discuss the Ministers' performance over the first two quarters. A Government reshuffle is a very likely scenario at this point, especially given that PM Sorin Grindeanu is rumored to have been asked twice to resign by Social Democrats' chairman Liviu Dragnea, PSD sources say. The PM is said to have refused to resign, arguing that stability is needed in order to continue to implement the governing program.  


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