Fiscal Policies Review April 30 - May 7, 2018
After returning from her visit in Israel and refusing to meet with President Iohannis, PM Viorica Dăncilă denied the alleged conflict between the Government and the National Bank. More so, the PM appreciates BNR Governor’s presence at the meetings for the adoption of the Euro. As for President Iohannis, Dăncilă argued that the President wanted to mediate for an "imaginary conflict".   However, a meeting between the PM, cabinet members, and BNR Governor Mugur Isărescu took place on May 3, in the office of Chamber of Deputies President, Liviu Dragnea. A press release issued by his office informs that the meeting ended with an agreement on implementing an efficient and balanced fiscal-budgetary mix that would keep inflation below target. On Friday (May 4) the President argued that his involvement led to the meeting between Dragnea and Isărescu, “exactly what I wanted” Iohannis concluded. After the Gov’t/PSD-BNR meeting, both parties agreed that “exogenous factors” contributed to the surge in inflation. Days after the meeting, on May 7, BNR raised the key interest rate from 2.25% to 2.5%. During a TV appearance from Monday, April 30, PM Dăncilă announced the Government’s priorities for the second quarter: the Public Procurement Bill, the Public-Private Partnership Bill, the establishment of the Romanian House of Commerce, introducing the state aid scheme on granting loans up to RON 40,000 for young people, as well as launching a program for disabled people.  


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Progress Report on the Priorities of the European Commission, April 25 - May 2, 2018
After last Friday, April 27, President Klaus Iohannis announced that he withdrew his confidence from the head of the Government PM Viorica Dăncilă and asked for her resignation, reactions from relevant actors continued making headlines. Prime-Minister Dăncilă stated there is no inter-institutional conflict between the Gov’t and BNR, mentioning that she is to have a meeting with the bank’s governor sometime this week. Dăncilă stressed that Iohannis’ end goal is to destabilize the relationship between the Gov’t and the Presidential administration, while purportedly aiming to “mediate an imaginary dispute” between the Executive and BNR. Dăncilă also dismissed an eventual unexpected visit from the President to a Gov’t sitting, underscoring that Iohannis’ right to be there dependends on whether a subject on the agenda requires an intervention from the head of state.


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Weekly Policy and Political Report April 23 – 30, 2018
Prime-Minister Dăncilă stated there is no inter-institutional conflict between the Gov’t and BNR, mentioning that she is to have a meeting with the bank’s governor sometime this week. Dăncilă stressed that Iohannis’ end goal is to destabilize the relationship between the Gov’t and the Presidential administration, while purportedly aiming to “mediate an imaginary dispute” between the Executive and BNR.  Dăncilă also dismissed an eventual unexpected visit from the President to a Gov’t sitting, underscoring that Iohannis’ right to be there is dependent on whether a subject on the agenda requires an intervention from the head of state. With regards to the resignation request put forward earlier in the day by Iohannis, the PM considered it “a tasteless joke” and unnecessary coming from a person who should act as liaison between institutional actors. Dăncilă publicly stated that she refused the President’s invitation to Cotroceni as she felt there was no intention for dialogue, just needless criticism (“It seemed I was a pupil and was called upon to be scolded by the professor”). She went on to add that she did not need to seek approval for her official visit to Israel since the discussed issues only revolved around economic development (“investments, hospitals, medicine […] and a government sitting that is to take place in July”).


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Fiscal Policies Review, April 23 - 30, 2018
President Klaus Iohannis announced on April 23 that he decided to mediate a meeting between the Executive and the Central Bank. While FinMin Teodorovici argued that there is no conflict between the two authorities and refused the President’s offer, Klaus Iohannis had arranged meetings with representatives of the National Bank for Wednesday, respectively with Prime Minister Viorica Dăncilă for Friday, April 27. After refusing to meet the President who then asked for her resignation, PM Dăncilă highlighted that there is no conflict between BNR and the Government. In this sense the PM argued that BNR’s Mugur Isărescu was present and collaborates with the Government within the Committee for Eurozone.   During last week’s meeting with BNR officials, President Iohannis stated that the main objective should be that of insuring price stability. BNR Governor Isărescu argued that the main factors that are influencing prices are not related to BNR’s monetary policy. The same day (April 25), FinMin Teodorovici announced a meeting between PM Dăncilă and Mugur Isărescu for the following week; main point on the agenda, the ROBOR index.


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Special Report: 27th of April – President asks for Prime-Minister's resignation
On Friday, April 27, 11 a.m. sharp, President Klaus Iohannis announced that he withdrew confidence for the head of the Government, Prime Minister Viorica Dăncilă, and asked for her resignation.   "The Government was sworn into office three months ago. After these three months, I am entitled to a conclusion. Madam Dăncilă is not fit for the position of Prime Minister, and she therefore turns the Government into a liability for Romania. This is why I publicly demand Madam Dăncilă to resign from the position of Prime Minister of Romania.” said Iohannis.   PM Dăncilă was supposed to meet President Iohannis on Friday, at 11 a.m., as part of the mediation process between the Government and the National Bank of Romania. However, the PM announced the President that she canceled the meeting. The meeting was supposed to take place the day after PM Dăncilă returned from Israel, where she and Chamber of Deputies Chairman Liviu Dragnea met with the Israeli President and PM. BNR was not the only point on the agenda. A day before the scheduled meeting, President Iohannis stated that he would ask PM Dăncilă "why she went to Israel without saying a word" to him. 


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